Sri Lanka: ‘I can’t afford milk for my babies’
As fuel, food and medicines run out, Sri Lanka is on the brink of a humanitarian crisis, the UN warns. …
Depleted foreign reserves and soaring inflation have devastated Sri Lanka’s economy in recent months. President Gotabaya Rajapaksa – who pushed through tax cuts that shrunk the state’s coffers and borrowed heavily from China to fund ambitious infrastructure projects – has been blamed for the crisis. The pandemic, which hit tourism, and the war in Ukraine, which sent oil prices rocketing, has only made the situation worse.
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