Crisis Escalates in Sri Lanka, declares herself Financially BankruptsteemCreated with Sketch.

in srilanka •  2 years ago 

Prime Minister Ranil Wickremesinghe said – the country will not get relief even next year, Jhars is facing the worst economic crisis since independence from Britain.

People in Sri Lanka are suffering due to severe inflation, prolonged power cuts and acute shortage of food items. Sri Lanka, which is facing a bad economic crisis, has considered itself bankrupt. Prime Minister Ranil Wickremesinghe while addressing Parliament on Tuesday said that Sri Lanka is bankrupt. The economic crisis is not yet over. This crisis will continue next year as well.

After agreeing on a relief package with him, his country will soon organize a donor conference with friendly countries like India, China and Japan. He also said that India had to limit line of credit to Sri Lanka due to recent global crises, including the current Ukraine-Russia war. We are looking forward to have a system where we can get credit support through a common agreement. Sri Lanka became independent from Britain in 1948.…..Read Full Article on -: https://www.changingdecade.com/2022/07/sri-lanka-crisis.html

E92A71D6-FBDD-4C19-A252-B3D6D358AA22.jpeg

Read More -: https://www.changingdecade.com/2022/07/sri-lanka-crisis.html

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!