ahhh I see, so they basically need to be bailed out by another country or entity and go in to debt possibly to avert further problems of immediate crisis
are they also having problems in the aftermath of their civil war some years ago? I am ignorant of sri lankan politics but that came up on a search engine
iamtanmay@wolfballs.com 3 years ago
They are begging, and got some handouts from India and China. IMF vultures are circling now
Civil war ended a decade ago, was horrific. Problems now are from last year. Last year they forced a ban on fertilizer for all farmers due to pressure from climate activists. Printed shit loads of money too.
Now their money is worth shit, they can't pay to import oil with it. They can't import medicine with it. No fossil fuel = no electricity. And thanks to last years failed crops, they have nothing to eat.