Why is there an economic crisis in Sri Lanka?

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A state of emergency has been declared in Sri Lanka, and President Gotabaya Rajapaksa has fled the country.

His departure follows months of mass protests over soaring prices and a lack of food and fuel.

The country’s foreign currency reserves have virtually run dry, and it has already missed debt interest payments.

The price of everyday goods has risen sharply. Inflation is running at more than 50%.

There have also been widespread power cuts.

A lack of medicines has brought the health system to the verge of collapse.

Read more at BBC.com


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Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!