SRI LANKA’S APPAREL SECTOR: CONTINUITY AMID CHAOS, BUT LONGER-TERM OUTLOOK THREATENED

The rapid escalation of Sri Lanka’s political and economic crisis, causing its former President Gotabaya Rajapaksa to flee the country and resign, has had far-reaching implications for the country’s clothing and textile manufacturing sector, which plays a crucial role in the nation’s economy. Indeed, textiles and clothing accounted for 31.55% in value added via manufacturing during 2019, according to the World Bank. Ranil Wickremesinghe is currently acting President, but under pressure to step aside given his past association with President ...


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