What are the implications of Sri Lanka's debt default? | Inside Story

The economic crisis in Sri Lanka appears to be getting worse by the day. Its government has been forced to default on its entire $51 billion of external debt. There's been a shortage of food, fuel and schools had to cancel exams for a lack of paper. It's all led to weeks of anti-government protests - culminating in calls for President Gotabaya Rajapaksa to resign. But what does the default mean? Presenter: Dareen Abughaida Guests: Jehan Perera - Executive Director of the National Peace Council of Sri Lanka. Ahilan Kadirgamar - Political Economist and Senior Lecturer at the University of Jaffna. Amantha Perera - Researcher at the School of Education and the Arts at CQUniversity in Australia. #SriLanka