In 2022 Sri Lanka faced the worst crisis since 1983 when the country was torn apart by civil war. Fuel shortage caused by the US embargo on Russian oil and gas doubled prices in the local market. That resulted in massive riots – people were struggling to earn a living, standing on the brink of starvation.
Today Sri Lanka’s economy is collapsing with 117% inflation and $51 billion in external debt. How is it going to recover?