How did Sri Lanka run out of money?

24 Jul 2022

Sri Lankan flag with grungy edges

Dr Thilak Mallawaarachchi and Professor John Quiggin write for The Conversation

Sri Lanka is facing its worst economic crisis in modern history. Its 22 million strong population is struggling with huge price increases for food, power, medicines and other necessities. That’s if they can get them at all, with private motorists spending hours queuing for their fuel quota.

This is why Sri Lankans have been protesting on the streets and stormed the President’s House.