A Sri Lankan vegetable farmer stands in a newly prepared tomato bed in July amid the government’s ban on imports of agrochemicals. Photo: AP
A Sri Lankan vegetable farmer stands in a newly prepared tomato bed in July amid the government’s ban on imports of agrochemicals. Photo: AP
Sri Lanka

Another China bailout? Fallout from crisis-hit Sri Lanka’s failed ‘organic utopia’ hurts hopes of a lifeline

  • A dispute over a fertiliser shipment has threatened Sri Lanka’s hopes of another bailout from China, which it already owes more than US$5 billion in loans
  • Dwindling foreign reserves, a tumbling currency and rising debt levels have dogged the island nation in the last year, leading to increasing fears of a default

A Sri Lankan vegetable farmer stands in a newly prepared tomato bed in July amid the government’s ban on imports of agrochemicals. Photo: AP
A Sri Lankan vegetable farmer stands in a newly prepared tomato bed in July amid the government’s ban on imports of agrochemicals. Photo: AP
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