How Sri Lanka Landed In A Crisis And What It Means

Sri Lanka’s street protests over soaring inflation and lengthy power cuts have shaken President Gotabaya Rajapaksa’s hold on power, with government ministers resigning while the opposition called for fresh elections in the South Asian nation. The political turmoil is complicating efforts to manage the island’s foreign exchange crisis and secure more funds to keep its tourism-reliant economy running, having already been hit hard by the Covid-19 pandemic.

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