Monday, May 16, 2022

Sri Lanka's Prime Minister Says The Country Has Enough Petrol Left For Only One Day

Fuel and medicine shortages, along with record inflation and lengthy blackouts, have brought severe hardships to Sri Lankans, in the worst financial crisis since independence from Britain in 1948  

Daily Mail: Sri Lanka is down to its last day of petrol and faces 'severe' shortage of medicine, new PM warns amid economic crisis that plunged country into turmoil sparking deadly riots 

* The nation has suspended repayment of $7 billion in foreign loans due this year 

* Sri Lanka's total foreign debt is $51 billion, about half of which is due in 2026 

* People face major shortages of petrol and essential medicine among other items 

* 'We must prepare ourselves to make some sacrifices,' PM Wickremesinghe said 

* The country has seen widespread protests in recent weeks amid the crisis 

* Nine people were killed and 300 injured in clashes with government supporters last week Sri Lanka's new prime minister today declared the crisis-hit nation was down to its last day of petrol, as the country's power minister told citizens not to join the lengthy fuel queues that have galvanised weeks of anti-government protests. 

Ranil Wickremesinghe, appointed prime minister on Thursday, said in an address to the nation the country urgently needed $75 million in foreign exchange to pay for essential imports. 

Read more .... 

Sri Lanka's Prime Minister Says The Country Has Enough Petrol Left For Only One Day  

First Default on Foreign Debt Likely This Week: Sri Lanka Latest -- Bloomberg  

Crisis-hit Sri Lanka has enough petrol left for only one day, new leader warns -- Sky News  

"We Have Run Out Of Petrol": Lanka PM In Address To Nation Amid Crisis -- AFP  

Sri Lanka needs $75 million in next few days for essential imports - PM -- Reuters  

Sri Lanka’s new PM warns ‘most difficult months of our lives’ ahead -- The Guardian

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