The Sri Lankan cabinet has approved a proposal to downgrade the country's status from a middle-income country to a low-income country. The cabinet spokesperson says Sri Lankan GDP is expected to decline further and that this step was being taken to unlock more financial support from international institutions.

WION Dispatch | Sri Lanka to be downgraded to a low-income country?

Sri Lanka seeks 'low income country' status; move to ease financial support

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WION Dispatch | Sri Lanka to be downgraded to a low-income country?

Sri Lanka seeks 'low income country' status; move to ease financial support