Al Jazeera English published this video item, entitled “It’s not just the pandemic: Why Sri Lanka’s economy is in crisis | Counting the Cost” – below is their description.
Sri Lanka’s finances are in a precarious state, but the economy was already in trouble before the COVID-19 pandemic.
Between 2005 and 2015, Colombo borrowed billions from China, accumulating a mountain of debt. It was forced to hand over a port to a Chinese company after failing to keep up with payments. But Beijing is making more loans. Asia Frontier Capital’s Ruchir Desai explains why China and India are keen to help Colombo out.
Elsewhere, crisis-hit Lebanon has its third prime minister in 12 months. Diana Menhem, managing director of civic organisation Kulluna Irada, tells us little will change with the same politicians in power.
Al Jazeera English YouTube Channel
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About This Source - Al Jazeera English
The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.
Beijing, China’s sprawling capital, has history stretching back 3 millennia. Yet it’s known as much for modern architecture as its ancient sites such as the grand Forbidden City complex, the imperial palace during the Ming and Qing dynasties.
China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes the former nations of Tibet and Hong Kong. The capital is Beijing.
India, officially the Republic of India, is a country in South Asia. It is the second-most populous country, the seventh-largest country by land area, and the most populous democracy in the world. New Delhi is the capital.
It has an exceptionally diverse population, with Hindus, Muslims, Christians, Sikhs, Buddhists, Jains and other religions speaking over 21 recognised languages.
Lebanon, officially known as the Lebanese Republic, is a country in the Levant region of Western Asia, and the transcontinental region of the Middle East.
The official language, Arabic, is the most common language spoken by the citizens of Lebanon. Its capital is Beirut.
Lebanon was a founding member of the United Nations in 1945 and is a member of the Arab League (1945), the Non-Aligned Movement (1961), Organisation of the Islamic Cooperation (1969), and the Organisation internationale de la francophonie (1973).
Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka is an island country in South Asia, located in the Indian Ocean southwest of the Bay of Bengal and southeast of the Arabian Sea. Sri Lanka has been called “the pearl of the Indian ocean” because of its shape and location.