May 21, 2022

Sri Lankan Prime Minister Ranil Wickremesinghe has declared the country bankrupt as it faces a fuel crisis and food shortages.


  • Mr Wickremesinghe said, the last administration is to blame for the country has come to a point where it is bankrupt which has never happened before.
  • We have no dollars, we have no rupees, we are not in a stable position, we are feeling the rise of the price of fuel, and we know it will go higher, he added.
  • Meanwhile, Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages.
  • Most of Sri Lanka's petrol stations have run dry as the island nation battles its most devastating economic crisis since independence in 1948.