Srilankan debt crisis

  

Children can't give exams because of a shortage of papers. 

Sri Lankan govt imports and export things in $. but the import is more than the export. This led their foreign reserves to depreciate. As they lose more and more dollars, they can't buy more things. Also, govt makes unequal valuation of dollars to Srilankan rupee.  This led to the rupee value depreciating. 


Srilankan travel industry heavily took a hit due to the start bombing. And after that COVID makes the situation bad to worst. The tourism and travel industry is one of the backbones of the Sri Lankan economy, which suffers heavily this time. 

Also, many government decisions make the situation direr. The government banned all pesticides imported to make organic farming but this sudden decision cut down agricultural production in half. This leads to food shortages in the whole country.

 Also due to the depreciating currency and low foreign reserves, Sri Lanka takes loans from China and other countries. But government policies don't make any progressive moves to revive the economy. 

All of this led to the situation that SriLankan is in right now. As people could not meet their personal needs, they revolt against the government. 

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