VOA: Sri Lanka in Turmoil as Economic Crisis Spirals into Political Chaos
NEW DELHI — Sri Lanka faces unprecedented turmoil as a deepening economic crisis triggers raging street demonstrations while a political impasse plays out as President Gotabaya Rajapaksa defies calls to step down, complicating efforts to alleviate the situation, analysts say.
As lines for cooking fuel, gasoline, diesel fuel and food grow longer and crippling power cuts plunge homes into hours of darkness, public anger has mounted, with people from all walks of life joining spontaneous protests – students, the middle class and low-income workers.
The acute shortages have arisen as the country struggles to pay for essential imports, while foreign exchange reserves have been depleted to critically low levels.
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WNU Editor: Growing fears that Sri Lanka may default on its sovereign debt .... Sri Lanka on the Verge of Sovereign Default (Business Korea).
Sri Lanka's Political And Economic Crisis Worsens
Sri Lanka business leaders demand end to political impasse -- AP
No Sri Lankan, rich or poor, spared as economic crisis worsens -- Al Jazeera
Sri Lanka doubles interest rates to tame inflation; stabilise economy -- Reuters
Sri Lanka Faces Wall of Debt Payments Amid Economic Meltdown -- Bloomberg
Sri Lanka is facing an economic and political crisis. Here’s what you need to know -- CNN
1 comment:
Sri Lanka can say: thank you China "loan"
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