economy
March 7, 2026
Sri Lanka sees strategic appeal of BRICS
Sri Lanka believes it can boost its economic growth by joining the bloc, Harini Amarasuriya has told RT India
TL;DR
- Sri Lanka views BRICS membership as strategically appealing for economic growth.
- The island nation aims to expand its markets and grow beyond its borders through international collaboration.
- BRICS is part of Sri Lanka's broader strategy of strengthening regional and global partnerships and multilateralism.
- Discussions about potential energy deals, such as buying Russian crude, are in preliminary stages.
- Sri Lanka is recovering from an economic and humanitarian crisis that peaked in 2022, with support from an IMF bailout program.
- Recent events, including the war in the Middle East and the sinking of a ship off its coast, have impacted the country's energy supply and tourism sector.
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