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Sri lanka crisis - Sri Lanka’s humanitarian crisis could be the start of a political upheaval


Sri Lanka's economic crisis, explained


Nonetheless, annual fiscal deficits exceeded 10% of GDP in 2020 and 2021, due to the pre-pandemic tax cuts, weak revenue performance in the wake of the pandemic, and expenditure measures to combat the pandemic.



Recent bailouts were in 2009 and 2016.



As per the ANI report, Sri Lanka's opposition party Samagi Jana Balawegaya SJB had on April 9 announced that they will be moving a no-confidence motion against Sri Lanka President Gotabaya Rajapaksa if the government does not provide immediate relief to the people of the country who have been affected by the economic crisis.




Unravelling Sri Lankan crisis






Each of these loans came with conditions including that once Sri Lanka received the loan, they had to reduce their budget deficit, maintain a tight monetary policy, cut government subsidies for food for the people of Sri Lanka, and depreciate the currency so exports would become more viable.



That hardly made up for the damage and suffering the ban produced.





In order to conserve energy, daily power cuts have been imposed by the authorities throughout the country.







Protests have broken out countrywide.




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    +68reps
    A political reckoning in Sri Lanka as debt crisis grows The ongoing protests highlight the dramatic fall of Sri Lanka's most powerful political dynasty in decades to a family grasping to retain power.
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    +326reps
    Sri Lanka is facing its worst-ever economic crisis, which has driven up prices and triggered food and fuel shortages across the country. Since the beginning of March, the Sri Lankan rupee has.
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    A demonstrator reacts after fire was set to a bus parked at the top the road to Sri Lankan President Gotabaya Rajapaksa's residence during a protest against him as many parts of the crisis-hit.
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    Sri Lanka’s humanitarian crisis could be the start of a political upheaval. Charu Lata Hogg Severe shortages of fuel, food and medicine appear to have unified Sri Lankans against the ruling.
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