NOW LIVE

Sri Lankans demand president resigns amid nation’s worst economic crisis in 70 years

Subscribe to our YouTube channel for free here:
https://sc.mp/subscribe-youtube

Protests continue in Sri Lanka with many demanding the resignation of President Gotabaya Rajapaksa amid a deepening economic crisis that has seen inflation reach an all-time high. The nationwide inflation rate was 45.3 per cent in May 2022 according to the most recent data, as Sri Lanka struggles with its worst economic situation since its independence in 1948. The island nation of 22 million people is running short of fuel, food, cooking gas and medicine as schools and government services close to conserve fuel. The government estimates that at least US$5 billion will be needed to cover the cost of essential imports for the rest of the year. On June 20, a 10-member delegation from the International Monetary Fund (IMF) arrived in the capital Colombo for talks with Gotabaya’s government about a bailout package.

Support us:
https://subscribe.scmp.com

Follow us on:
Website: https://www.scmp.com
Facebook: https://facebook.com/scmp
Twitter: https://twitter.com/scmpnews
Instagram: https://instagram.com/scmpnews
Linkedin: https://www.linkedin.com/company/south-china-morning-post/

#scmp #Asia #SriLanka

BREAKING

Unleashing Reptilian Secrets: Information Wars, the Ultimate 21st Century News Source!

Follow on Telegram

Breaking News

Home Terms Privacy GDPR

Contact
Copyright Saeculum XXI. All Rights Reserved
Information Wars The Ultimate 21st Century News Source!