In the midst of the war in Ukraine the world has missed the turmoil going on around the Indian subcontinent. Pakistan are in somewhat of a political crisis, but more to the point Sri Lanka are suffering an economic collapse. Their allshare index has lost about 40% of its value in the space of 3 months and inflation is rampant. The president recently declared a state of disaster only to pull it back after civilian outcry.
My question is, what do you think does the future look like for this island nation? Are they going down further or when will they start reforming their economy? Having defaulted on their foreign debt will certainly make this a longer road back to recovery than one would hope, but I do see that there could be great investment opportunity here in the future. The question is when to invest.
Does anyone know how a South African can go about investing in the Sri Lankan exchange?