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Sri Lanka nears crisis

More help needed for the island nation's faltering economy

Sri Lanka
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People stand in a long queue to buy kerosene oil due to shortage of domestic gas as a result of country’s economic crisis | Photo: Reuters

Business Standard Editorial Comment
Sri Lanka’s education authority announced on Friday that school examinations scheduled for this week stood cancelled for a majority of the country’s students because “printers are unable to secure foreign exchange to import necessary paper and ink” to produce examination papers. This is just the latest way in which the island nation’s debt crisis has begun to impact the daily life of all Sri Lankans. This comes after months of power blackouts and double-digit inflation. A combination of factors —the debt overhang from the long and protracted civil war, irresponsible governance in the years since the end of the civil

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First Published: Mar 21 2022 | 10:13 PM IST

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