The Sri Lankan government on Tuesday announced it is defaulting on all its external debt. The government had earlier announced it had appointed a panel on restructuring foreign debt amid the deepening economic crisis.

Sri Lanka defaulting on all its external debt: Rajapaksa government

Reports claim the Sri Lankan government is arranging millions of dollars in payment in order to import 40,000 tonnes of diesel as the country faces a massive fuel shortage.

Sri Lanka battles fuel shortage amid foreign exchange crisis

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Sri Lanka defaulting on all its external debt: Rajapaksa government

Sri Lanka battles fuel shortage amid foreign exchange crisis