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Showing posts from April 3, 2022

WWW.TRIPURANEWS.INFO

LOCAL NEWS:-

Sri Lanka economic crisis explained: How did the country get here, who’s helping?

  A severe shortage of foreign currency has left Rajapaksa's government unable to pay for essential imports, including fuel, leading to debilitating power cuts lasting up to 13 hours. Ordinary Sri Lankans are also dealing with shortages and soaring inflation.Anger against Sri Lankan President Gotabaya Rajapaksa’s handling of a deepening economic crisis in the island nation of 22 million people spiralled into violence late on Thursday, as hundreds of protesters clashed with police for several hours. A severe shortage of foreign currency has left Rajapaksa’s government unable to pay for essential imports, including fuel, leading to  debilitating power cuts  lasting up to 1 3 hours. Ordinary Sri Lankans are also dealing with shortages and soaring  inflation , after the country steeply devalued its currency last month ahead of talks with the International Monetary Fund (IMF) for a loan programme.