Recently, the world developing states are facing the acute debt crises due to the one or other reasons. Similarly, the state of Sri Lanka has declared itself the bankrupt state due to its incapacity to pay the foreign debts and responsibilities.
As the government of Sri Lanka declared bankrupt in the recent past, the people came to street and started chanting slogans against the government for not paying focus on the issue of common man. So, the economy of Sri Lanka furthe pulled towards bad condition due to poor debt management.