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Sri Lanka sends troops to fuel stations, aims to restructure its debt

The country will also hire a global law firm to provide technical assistance on debt restructuring ahead of talks with the International Monetary Fund on the country's economic crisis

Sri Lankan Army
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Sri Lankan Army personnel stand guard at a Ceylon Petroleum Corporation fuel station to help distribute oil in Colombo, on Tuesday PHOTO: REUTERS

Reuters
Sri Lanka posted soldiers at hundreds of state-run gas stations on Tuesday to help distribute fuel after a sudden rise in prices of key commodities and accompanying shortages forced tens of thousands of people to queue for hours.
 
The Indian Ocean nation is battling a foreign exchange crisis that forced a currency devaluation and hit payments for essential imports such as food, medicine and fuel, prompting it to turn to the International Monetary Fund (IMF) for help.
 
“The government has to provide solutions,” said Seetha Gunasekera, 36, who lives with her husband and two children in Colombo, the

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First Published: Mar 23 2022 | 12:53 AM IST

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