Bankrupt Sri Lanka begins two week stutdown, opens IMF talks

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The country of 22 million people is in the grip of its worst economic crisis after running out of foreign exchange to finance even the most essential imports including food, fuel and medicines.

COLOMBO, Sri Lanka - Sri Lanka closed schools and halted non-essential government services on Monday, starting a two-week shutdown to conserve fast-depleting fuel reserves as the IMF opened talks with Colombo on a possible bailout.

Thousands of students marched through the streets of Colombo on Monday chanting "Gota go home" in reference to the president, who they accuse of corruption and mismanagement. Officers said the students had blocked Sri Lanka's finance ministry secretary from attending a key meeting with officials from the International Monetary Fund.

Most offices in Sri Lanka were shut on Monday and all schools were closed but hospitals and the main sea and air ports in the capital were still operating. "Not only do we want to help the people of Sri Lanka in its time of need, there are also deeper consequences for the region if this crisis continues," Australian foreign minister Penny Wong said in a statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.

Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Allison_Grillo and started Bitcoin trading, I earned R150,000 in 3 weeks thanks Allison_Grillo.

Going for more bankrupt.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines