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Sri Lanka’s economic dilemma: How did the country end up in financial crisis, and who is assisting it?

Due to a significant lack of foreign money, Rajapaksa’s government has been unable to pay for basic imports, such as fuel, resulting in power cuts lasting up to 13 hours.

New Delhi: Rage over Sri Lankan President Gotabaya Rajapaksa’s handling of the island nation’s mounting economic crisis spilled into violence late Thursday, with hundreds of activists grappling with police for several hours. Due to a significant lack of foreign money, Rajapaksa’s government has been unable to pay for basic imports, such as fuel, resulting in power cuts lasting up to 13 hours. After the country depreciated its currency last month ahead of talks with the International Monetary Fund (IMF) for a loan program, ordinary Sri Lankans are also suffering from shortages of basic amenities and higher inflation.