Three years after declaring an economic emergency and defaulting on its foreign debt, Sri Lanka has been reclassified as an upper-middle-income economy by the World Bank, a landmark recovery milestone that comes with significant caveats about the narrowness of the threshold crossed and the distance still to travel.
Read Full ArticleThe World Bank arbitration scandal exposes corruption in ICSID’s €110M ruling, fueling BRICS-led calls for global institutional reforms and equitable governance.
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