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Tag: Sri Lanka

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Looming ‘Humanitarian Emergency’ as Hundreds of Sri Lankans Attempt to Escape to Australia
In recent weeks, several boats were caught smuggling hundreds of Sri Lankans out of their home country, which is in the midst of a historic economic crisis.  While most of the boats were intercepted by...
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World Bank Paints Grim Economic Picture For Dozens of Low to Middle-Income Countries: New Report
The World Bank has released its annual report, this year titled, “Finance For an Equitable Recovery,” detailing the financial fallout — due to the COVID-19 pandemic — currently being experienced by dozens of low- to...
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Sri Lanka in Chaos, Protesters Burn Down the Homes of 38 Politicians, Troops Ordered to ‘Shoot on Sight’
Rage has boiled over in Sri Lanka. Reports have surfaced that protesters have burned down the homes of 38 politicians with at least another 75 being damaged. Meanwhile, according to CNN, the government has ordered...
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Sri Lanka Spirals Into Chaos as Protesters Demand Leader’s Resignation
In the midst of a financial, social and political crisis not seen since Sri Lanka’s independence in 1948, thousands of protesters are relentlessly calling for resignations of key political figures that they say are responsible...
As Sri Lanka's economy craters, desperate protestors sieged the President's home.
No Gas, No Food, No Electricity? Sri Lankans Siege President’s Home In Outrage
The South Indian island of Sri Lanka demonstrated in action this week what fallout politicians may face if currency devaluation, gasoline, electricity, and food shortages leave citizens in a desperate situation.  The country, an island...
Economically Challenged Sri Lanka Asks China to Extend Loan Repayment Programs Amid Financial Crisis
The president of Sri Lanka has asked Beijing to restructure its debt repayments as part of efforts to help the South Asian country navigate a worsening financial crisis. President Gotabaya Rajapaksa made the request during...
Heavily Vaccinated Sri Lanka Reopens to Ease Economic Shortfall
Sri Lanka lifted its COVID-19 lockdown on Oct. 1 even as, according to officials and traders, more than 800 containers carrying essential items were held up in the country's main port due to a lack...