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austerity

September 20, 2025

Sri Lanka’s 2021-2024 austerity was one of the most severe in history

A recent World Bank reports examines Sri Lanka’s austerity policies following the 2022 external debt default. Sri Lanka has undergone...
October 10, 2023

Poorest nations to cut $220b public spending amid crushing debt:Oxfam

More than half (57 percent) of the world’s poorest countries, home to 2.4 billion people, are having to cut public...