Sri Lanka defaults on their debts.
(www.france24.com)
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Consumed by their Jewish central bankers (see Q post #135-#138): the usury scam designed to create nothing but debt slaves, poverty and starvation.
You are partially right. But as a Sri Lankan, there's more to this. This is (I can argue) the textbook example of a kleptocratic government that functions to nurture itself at the absolute tortuous expense of the people.