Sri Lanka admits bankruptcy

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“Sri Lanka is bankrupt and the acute pain of its unprecedented economic crisis will linger until at least the end of next year, Prime Minister Ranil Wickremesinghe told parliament Tuesday.

The island nation’s 22 million people have endured months of galloping inflation and lengthy power cuts after the government ran out of foreign currency to import vital goods.

economictimes.indiatimes.com/news/international/world-news/sri-lanka-admits-bankruptcy-crisis-to-drag-through-2023/articleshow/92673357.cms

Sri Lanka president heckled outta parliament..

Sri Lanka grinds to a halt as fuel reserves shrink (hyper inflationary collapse scenario)

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www.news.com.au/finance/economy/world-economy/sri-lanka-grinds-to-a-halt-as-fuel-reserves-shrink/news-story/33f256ecf44161ce0490920240303117

Public transport is grinding to a halt as one of the world’s most economically-strapped nations goes through a crisis.

h/t A Deplorable Neanderthal

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