Could be but this is the No 1 reason according to reports
What do you think are the other factors contributing to this?
You know Srilanka is a country of great natural beauty so tourism is one it's main industry and cz of the civil unrest and so much violence tourism was very much affected... But the Srilankan economy withstood (cz of foreign aid no doubt) decades of death and destruction but couldn't withstand a few months of "Green New Deal"
Sad... So Sad
Karma for d treatment to Tamil citizens there . They refused to give their rights as citizens , now they can’t even survive n india sending help to innocent ppl there . Humanity god india , india is mahan.
Bad luck , bad policy , bad politics. Ya poor economic policies , bombings , cov pandemic , debts to China etc..

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