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Showing posts with the label Economic Crisis

Ousted Former President Rajapaksa returns home

        (Source of Images: Google Search from different reported news on Sri Lanka Crisis) The ex-president, Gotabaya Rajapaksa has returned to Sri Lanka, after having fled abroad due to a mass protest in his country against his government.  In April, the whole of Sri Lanka blamed and began a mass protest against him and his government for bringing the downfall of the country, in terms of worst economic crisis in the history. The country has been ailing due to the staggering inflation, acute shortages of oil, food and other basic commodities, pushing millions to go hungry and half a million below poverty line. The disgraced Rajapaksa and his elder brother Mahinda, the then Prime Minister, were forced to resign after the people of the country demanded them to quit. His official residence was stormed by the citizens in July. He first fled to Maldives in a military plane, then moved to Singapore where he resigned and then finally flew to Thailand. His ousting made ...

Millions skipping meals in Sri Lanka, as inflation hits over 57%

(Source of Images: Google Search from different reported news on Sri Lanka Crisis) Millions of families in Sri Lanka are struggling to meet their daily food requirements. Most of them are skipping meals, perhaps, surviving on just a meal a day. Even children have not been spared and are suffering due to the lack of basic resources including food and education. The United Nations reports (based on assessment by World Food Programme (WFP)), more than a quarter of the country's 22 million people (around 6.26 million) are grappling with food crisis, unable to procure basic nutritious food.  The country is witnessing a record 90% food inflation, turning basic food such as rice unaffordable for the common people of the nation. Staggering inflation and skyrocketing oil and commodity prices have crippled the whole nation.  WFP reports, about 61% of households is using coping strategies, i.e., reducing amount of food they eat and consuming increasingly less nutritious meals. Adults in ...