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

Authored by Aldgra Fredly via The Epoch Times (emphasis ours),

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.

It is no easy task to revive a country with a completely collapsed economy, especially one that is dangerously low on foreign reserves,” he said.

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)

Sri Lanka will hold a credit aid conference with India, China, and Japan for loan packages.

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