COLOMBO -- Sri Lanka's top economists and business leaders are urging President Gotabaya Rajapaksa's government to default on a debt repayment next week and to use the nation's foreign currency reserves to buy fuel, food, medicine and other essentials.
Economy
Sri Lanka economists tell government to default on bond, buy food
$500m should be redirected to pay for fuel, medicine and other essentials, experts say
Sri Lankan rupee banknotes sit in a bucket at a fruit stall in Colombo. The country is running out of imported food, fuel, medicine and a key ingredient of milk tea. © Reuters
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