Sri Lanka’s Economy Has ‘Completely Collapsed’: PM

Sri Lanka’s Economy Has ‘Completely Collapsed’: PM
Sri Lanka's new Prime Minister Ranil Wickremesinghe (C) visits a Buddhist temple after his swearing in ceremony in Colombo on May 12, 2022. Ishara S. Kodikara/AFP via Getty Images
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Sri Lanka’s prime minister is increasing efforts to revive the country’s “completely collapsed” economy amid a lack of foreign exchange reserves and severe shortages of essential items.

“We are now facing a far more serious situation beyond the mere shortages of fuel, gas, electricity, and food. Our economy has faced a complete collapse,” Prime Minister Ranil Wickremesinghe told Parliament on June 22.

Aldgra Fredly
Aldgra Fredly
Author
Aldgra Fredly is a freelance writer covering U.S. and Asia Pacific news for The Epoch Times.
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