Sri Lanka

Sri Lanka PM says economy ‘has collapsed,’ unable to buy oil

COLOMBO, Sri Lanka (AP) — Sri Lanka’s prime minister says its debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity. 

Prime Minister Ranil Wickremesinghe told Parliament on Wednesday that the South Asian country is “facing a far more serious situation beyond the mere shortages of fuel, gas, electricity and food. Our economy has completely collapsed.” 

Wickremesinghe is also the finance minister tasked with stabilizing the economy. He said Sri Lanka is unable to purchase imported fuel, even for cash, due to heavy debts owed by its petroleum corporation. 

He said the government missed out on the chance to turn the situation around and that “We are now seeing signs of a possible fall to rock bottom.”

1 comment on “Sri Lanka PM says economy ‘has collapsed,’ unable to buy oil

  1. Get a
    oan from your bosom buddies the Rajafuckse
    Even better ask the RSOULS to return the moneys that rightfully belong to the peopl6

    Like

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