Sri Lanka is an island country located in South Asia experiencing a severe economic crisis. The 22 million people have faced soaring inflation and daily power cuts lasting 13 hours. In response to mass protests against rising costs of living, President Gotabaya Rajapaksha's government imposed a state of emergency, curfew and social media ban. The crisis began due to large tax cuts and a drop in tourism during the COVID-19 pandemic that reduced foreign currency reserves and led to shortages of food, fuel and medicines.
Sri Lanka is an island country located in South Asia experiencing a severe economic crisis. The 22 million people have faced soaring inflation and daily power cuts lasting 13 hours. In response to mass protests against rising costs of living, President Gotabaya Rajapaksha's government imposed a state of emergency, curfew and social media ban. The crisis began due to large tax cuts and a drop in tourism during the COVID-19 pandemic that reduced foreign currency reserves and led to shortages of food, fuel and medicines.
Sri Lanka is an island country located in South Asia experiencing a severe economic crisis. The 22 million people have faced soaring inflation and daily power cuts lasting 13 hours. In response to mass protests against rising costs of living, President Gotabaya Rajapaksha's government imposed a state of emergency, curfew and social media ban. The crisis began due to large tax cuts and a drop in tourism during the COVID-19 pandemic that reduced foreign currency reserves and led to shortages of food, fuel and medicines.
Located in the Indian Ocean southwest of the Bay of Bengal and southeast of the Arabian Sea. Separated from the Indian subcontinent by the Gulf of Mannar and the Palk Strait. Rich cultural heritage. Great strategic importance. Maritime Silk Road Trade in luxury goods and spices Nations composition of population: Sinhalese, Tamils, Moors, Bughers, Malays, Chineese and Vedda. The 22 million people of Sri Lanka have been exposed to grave economic crisis with soring inflation and daily power that lasts for 13 hours. In the absence of governance and rule of law, Sri Lanka moves toward a failed state. The government imposed a state of emergency, curfew and a ban on social media in response to mass demonstrations and public outrage against President Gotabaya Rajapaksha’s regime. How the economic crisis began: Bibliography: https://en.wikipedia.org https://www.slideshare.net/badshah77/economic-crisis-in-srilankapptx https://byjus.com/current-affairs/sri-lankan-economic-crisis/ https://www.youtube.com https://idsa.in/issuebrief/economic-crisis-in-sri-lanka-gsultana-100322