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Lanka
weakest in tackling oil shock
Sri
Lanka has been ranked among Asias five weakest countries
that could tackle the shock of soaring oil prices.
The
United Nations Development Programme (UNDP) in a special report
released last week listed Sri Lanka along with Nepal, Bhutan,
Bangladesh, Pakistan and Maldives among those vulnerable for
oil shock. This was due to their relatively weak economic
capacity to absorb oil price shocks and due to high dependence
on imported oil.
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