Sri Lanka's Prime Minister Says The Country Is 'Bankrupt' As The Financial Crisis Ravaging The Country Deepens

 

CNN: Sri Lanka is 'bankrupt,' Prime Minister says 

Colombo, Sri Lanka (CNN)Sri Lanka is "bankrupt," Prime Minister Ranil Wickremesinghe said Tuesday, as the country suffers its worst financial crisis in decades, leaving millions struggling to buy food, medicine and fuel. 

Wickremesinghe told lawmakers that negotiations with the International Monetary Fund (IMF) to revive the country's "collapsed" economy are "difficult," because the South Asian nation of 22 million has entered the talks as a bankrupt country, rather than a developing one. 

"We are now participating in the negotiations as a bankrupt country. Therefore, we have to face a more difficult and complicated situation than previous negotiations," Wickremesinghe said in parliament.  

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Sri Lanka's Prime Minister Says The Country Is 'Bankrupt' As The Financial Crisis Ravaging The Country Deepens  

Sri Lanka says it is 'bankrupt' as financial crisis ravaging the country deepens -- Business Insider  

Record inflation and skyrocketing prices leave over 6 million Sri Lankans food insecure -- UN News  

Sri Lankans return to cooking with firewood as economy burns -- France 24  

Sri Lankan president calls Russian leader seeking fuel -- AP  

Sri Lanka president asks Russia’s Putin to help import fuel -- Al Jazeera  

Sri Lanka Is Running on Empty, Less Than a Day of Fuel Left -- Jalopnik  

Sri Lanka Hikes Rates by 100 Basis Points to Tame Prices -- Bloomberg

 Sri Lanka's economic crisis is driving people to flee the country in desperation -- DW