WION Dispatch | Sri Lanka to be downgraded to a low-income country?
Edited By WION Video Desk
Published: Oct 11, 2022, 02:39 IST | Updated: Oct 11, 2022, 02:39 IST
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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.
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