Sri Lanka Financial system Disaster: Sri Lanka’s choking financial disaster, IMF and India’s serving to hand, and is there a means out of all of it?

Anti-government demonstration close to the president’s workplace in Colombo on April 18, 2022.

Synopsis

Sick-planned tax cuts and choices resembling adopting natural farming with no contingency plan, coupled with the influence of the pandemic has thrown Sri Lanka atop a mountain of debt. The nation, whose monetary well being is worsening by the day, expects extra assist from establishments just like the IMF. Right here’s a deep dive into the way it obtained into this mess.

What occurs when a rustic is compelled to postpone college exams on account of scarcity of paper? Energy cuts go on for over 13 hours, and lack of provides that hamper hospitals making an attempt to save lots of lives in occasions of an financial disaster?That’s what Sri Lanka goes via. From a Covid-19 lockdown, which introduced down its tourism revenues, to an organic-farming experiment that went flawed, the issues have mounted all of sudden for the island nation. As a

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