Sri Lanka will request an IMF bailout amid the worst financial crisis since gaining independence in 1948

the addressMarch 21, 2022

Sri Lanka is set to request a financial rescue plan from the International Monetary Fund as the country finds itself wracked by the worst economic crisis since gaining independence in 1948. On Sunday, authorities announced that two men had collapsed and died while waiting in line for fuel amid soaring prices and shortages. energy, resulting in high levels of inflation in the economy. Schools have canceled exams for millions of high school students due to a lack of printing paper. Last week, protesters and opposition leaders organized a rally across the city of Colombo to protest the government’s handling of the crisis by President Gotabaya Rajapaksa and his family. The Prime Minister and Finance Minister of the country are two brothers of President Rajapaksa. These are the words of one of the demonstrators.

Srila Munasinghi: “We didn’t come here to ask for more development in the country or anything like that. We can no longer live. We can’t support ourselves with our salary because of the high cost of living. We came to wrest power from this government and brought in another government to help us.”

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