Thursday, 18th April 2024
To guardian.ng
Search

Sri Lanka on the brink of bankruptcy: Consumers hit hard by soaring inflation, food shortages

By France24
24 February 2022   |   6:22 am
Sri Lanka's ongoing economic meltdown is getting worse day by day. It's the worst financial crisis this island nation of 22 million people has faced since its independence seven decades ago. The country's foreign reserves have been dangerously low in recent months, and experts fear the country is on the verge of default.

0 Comments

Your email address will not be published. Required fields are marked *

Related

2 hours ago
Coups, sanctions, and withdrawal of member states; the Economic Community of West African States (ECOWAS) must either reform or decline, observers warn.
8 hours ago
A UN-led event to secure donations to address Ethiopia's humanitarian crisis fell short of its $1 billion target. The East African country has been hit by conflict and extreme weather in recent years.
55 mins ago
Riot police aimed to remove protests from outside the Soviet-era Parliament building in Tbilisi. Lawmakers have approved for further reading a draft bill of the Russian-styled "foreign agents" bill.
1 day ago
Authorities in Germany's Bavaria say they want to restrict the use of cannabis at festivals and beer gardens. Germany legalized recreational marijuana earlier this month, a move opposed by the Bavaria-based CSU.
1 day ago
Solomon Islanders began voting on Wednesday in a crucial election that will decide China's foothold in the Pacific region. Polling booths opened at 7 a.m. local time on Wednesday (2000 GMT on Tuesday), with almost 420,000 registered voters to elect 50 members of the national parliament. There are more than 1,000 polling stations scattered across the Solomons archipelago, 2,000 kilometers (1,200 miles) off Australia's coast.
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Thursday.