Sri Lanka

Explained: the Economic Crisis in Sri Lanka

Sri Lanka is currently in an economic and political crisis of mass proportions, recently culminating in a default on its debt payments. The country is also nearly at empty on their foreign currency reserves, decreasing the ability to purchase imports and driving up domestic prices for goods.

There are several reasons for this crisis and the economic turmoil has sparked mass protests and violence across the country. This visual breaks down some of the elements that led to Sri Lanka’s current situation.

A Timeline of Events

The death toll from devastating landslides triggered by massive torrential rains has risen to thirty five according to Sri Lanka officials. The army have said that scores of people remained unaccounted for after mudslides hit three villages in central Kegalle district. The flooding has also forced nearly 200,000 people to abandon their homes. Press TV reports: Sri Lanka’s disaster officials said on Wednesday that 19 more bodies were found in houses buried under mudslides across the South Asian country, bringing the official death toll so far to 35 people.

PCR Interviewed by The Guardian, Sri Lanka

http://www.slguardian.org/2016/03/an-interview-with-paul-craig-roberts/

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