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Saturday, April 23, 2022

Political turmoil and economic collapse

Sri Lanka has been in a economic crisis for the past few months. As a result, major political changes are taking place in Sri Lanka, including a cabinet reshuffle. As a result, fuel prices, bus fares, wheat flour, food items and all other commodities in Sri Lanka have risen sharply.

People in many parts of Sri Lanka are protesting against the rising cost of these items. Today the struggle has intensified in many areas. In various cities, including Colombo, people have taken to the main road, chanting slogans and burning tires. Thus the traffic came to a complete standstill.

Specially, the tourism sector in Sri Lanka has been paralyzed due to the spread of the Covid-19 and continues economic crisis. Thus, the country's revenue fell. There has been a severe economic crisis due to the unprecedented fall in foreign exchange reserves and the credit crunch. There is also a lack of funding for the importation of essential commodities, including crude oil. As a result, there is a shortage of fuels, including food, petrol and diesel, and their prices have increased. The power outage lasts for several hours. The people affected by this are engaged in a struggle against the state.

As a result, the struggle is intensifying across the country, condemning the economic crisis in Sri Lanka and rising prices.

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