Government amassed huge amounts of debt in foreign currency for dubious projects. The forced switch to organic farming was a desperate measure to avoid loosing foreign currency and for sure didn't help but it was not the cause. This wasn't an planned movement to organic farming. They just couldn't pay for fertilizer.
Also pretty crazy that IMF still sings the same song: privatize your most important assets and reduce the public sector to create even more jobless people. Why just why do countries ask Putin and China for credit?
Not that they are any better: Also lot's of debt from China for white elephant infrastructure projects - which is a know strategy from them. So they couldn't pay and now China controls the port in Sri Lanka.
Government amassed huge amounts of debt in foreign currency for dubious projects. The forced switch to organic farming was a desperate measure to avoid loosing foreign currency and for sure didn't help but it was not the cause. This wasn't an planned movement to organic farming. They just couldn't pay for fertilizer.
Also pretty crazy that IMF still sings the same song: privatize your most important assets and reduce the public sector to create even more jobless people. Why just why do countries ask Putin and China for credit?
Not that they are any better: Also lot's of debt from China for white elephant infrastructure projects - which is a know strategy from them. So they couldn't pay and now China controls the port in Sri Lanka.