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WATCH: Police Have to Use Live Rounds As Sri Lanka Has Descended into Anarchy

Sri Lanka has declared bankruptcy, according to an announcement from its prime minister, Ranil Wickremesinghe.

On Tuesday, Wickremesinghe told the Sri Lankan parliament that the country is not only bankrupt but also has no fuel left. Government employees have been told to stay home due to fuel unavailability.

Inflation spiked 54.6% in a year and is expected to hit 60% soon, and transportation costs have gone up 128% in only one month, according to Bloomberg.

Sri Lanka has been facing one of its most dire economic crises to date, and at this point, civilians are struggling to procure basic necessities like food and medicine. Countries around the world are sending financial assistance to help it overcome these problems.

At the G7 Summit last month, the US pledged US$20 million to assist Sri Lankans in the fight for food security. This came in addition to a previously donated amount of US$12 million.

But despite global assistance, the nightmare is far from over for Sri Lanka. Premier Wickremesinghe said that the country was participating in negotiations as a bankrupt state, and the worse is yet to come.

“Due to the state of bankruptcy our country is in, we have to submit a plan on our debt sustainability to (the IMF) separately. Only when they are satisfied with that plan can we reach an agreement at the staff level. This is not a straightforward process,” he said, and CNN reported.

Original Article: https://dailyhive.com/toronto/sri-lanka-bankruptcy-fuel-food-crisis

12 Comments

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  1. The US sent aid to Sri Lanka. What did they send, training bras for transgender men, jock straps for trans women, makeup kits, and trans propaganda supplies to “transform” the country ?

  2. Just another example of what the leftist green energy has done for humanity. As long as Biden continues to rake in graft he could truly care less about the damage he’s doing to every single country on the planet. When the United States is doing well the entire planet does better but when instability is created via ridiculous destabilizing policies we see the inevitable downfall of lesser nations. We already know that eliminating fossil fuels is untenable yet these self serving elitists continue to push an agenda that only helps their own bottom lines. Pure evil when any so called leaders could care less about people dying and rioting as long as they continue to profit. Biden and his ilk are disgusting examples of human garbage.

  3. It’s what brandon’s NWO Marxist handlers have in store for the US. Pray we make it through the next 29 months and days and the commies don’t steal another election.

  4. And the first one falls. Wait until you see the dominoes effect. They’ve been lying to all of us. Like I say, this is the first.

  5. Coming here soon since the Dictatorship elites here are making a fortune stealing money sent to Ukraine the swamp laundry basket and selling our strategic oil reserve to our enemy through our dictators son.
    Looking forward to it.

  6. All of this is because the most important election was rigged and stolen. Now the TRAITORS are running everything.

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