BROMLEY, UK, Jul 19 (IPS) – Sri Lanka is officially bankrupt and a failed state in all but name. How did a country of 22 million people with a level of literacy on par with most of the developed world end up in such a dire position where the state coffers did not have the measly sum of 20 million dollars to purchase fuel to keep the country functioning beyond the next working day?

The Takeaway: UN General Assembly debate Day 4
Countries adopt global blueprint to tackle fast-evolving crime in digital age
‘Safeguard the postwar order,’ China tells UN General Assembly
‘Invest with Iraq’: PM sets out vision for new economic future
‘No one speaks on behalf of Lebanon’: PM Salam asserts State authority at UN
World News in Brief: West Bank demolitions accelerate, urgent support for Sudan, Haiti diplacement, AI hub to boost gender equality