Sri Lanka: Cancel the debt
Sri Lankan workers are suffering from hyperinflation and severe shortages of basic essentials, including food, fuel and medicines. Acute shortages of foreign currency have made imported goods difficult for workers to obtain or afford. Inflation in December and January was over 50%. Food price inflation was 85% in October 2022. In April 2022, Sri Lanka defaulted on over $50bn of debt to foreign creditors, including the Chinese, Indian and Japanese states. The IMF is refusing to release a $2.9bn bailout due to the failure of creditors and private external bond holders to agree to the...