Top economists call for halt to Sri Lanka debt repayments after Cyclone Ditwah

Group of 120 experts including Joseph Stiglitz urge fresh debt restructuring plan given scale of destruction A group of the world’s top economists – including the Nobel prize winner Joseph Stiglitz – have called for Sri Lanka’s debt payments to be suspended as it tackles the devastation caused by Cyclone Ditwah . More than 600 people were killed and hundreds of thousands of homes destroyed across the island, in what Sri Lanka’s president, Anura Kumara Dissanayake , called the “largest and most challenging natural disaster in our history”. Continue reading...