Sri Lanka's economy has 'completely collapsed,' Prime Minister says
Headline from KRDO
By Rhea Mogul and Iqbal Athas, CNN Sri Lanka’s economy has “completely collapsed,” Prime Minister Ranil Wickremesinghe said Wednesday, as the crisis-hit nation faces an increasingly dire situation that has left millions struggling with fuel, electricity and food shortages.
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Sri Lanka’s prime minister says its debt-laden economy has “collapsed" after months of shortages of food, fuel and electricity. Prime Minister Ranil Wickremesinghe told Parliament on Wednesday that the South
Sri Lanka's debt-laden economy has "collapsed" after months of shortages of food, fuel and electricity, the prime minister told lawmakers Wednesday in comments that underscored the country's dire situation as it seeks help from international lenders.
Ranil Wickremesinghe, the South Asian nation’s new prime minister, told lawmakers the government had failed to act in time as foreign reserves dwindled.
Prime Minister Ranil Wickremesinghe said Sri Lanka is unable to purchase imported fuel, even for cash, due to heavy debt owed by its petroleum corporation.
By Rhea Mogul and Iqbal Athas, CNN Sri Lanka’s economy has “completely collapsed,” Prime Minister Ranil Wickremesinghe said Wednesday, as the crisis-hit nation faces an increasingly dire situation that has left millions struggling with fuel, electricity and food shortages.
Sri Lanka’s prime minister says the island nation's debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel. The country is seeking help from
