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Economic news

Sri Lanka cabinet approves downgrade to ‘low income country’

10/11/2022

Less than a minute

2022.10.11 01:33

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Budrigannews.com – Sri Lanka’s cabinet has approved downgrading the island nation to the status of “low income country”, in order to get access to concessional funding from international organisations, the cabinet spokesman Bandula Gunawardane said on Tuesday.

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