Posted on Jul 13, 2022
Sri Lankan protesters party in the president's mansion as he flees the country
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Posted 2 y ago
Responses: 1
PO1 William "Chip" Nagel
...""We still have two days of severe fossil fuel shortage ... there is a medicine and medical equipment shortage. There is a looming food crisis that is coming our way," he said.
"I think Sri Lankans understand that the next six months are going to be very, very difficult. They need to be very resilient in order to get through these six months until an IMF deal is agreed and negotiated."
Sri Lanka has been negotiating a bailout program with the IMF, but it has been complicated by the fact the country is now bankrupt. That deal is what experts think could be the first step out of this mess.
"The sooner we get that, we can also get other support because other countries are not going to support [Sri Lanka] up until we finalize an IMF agreement," said Umesh Moramudali, a lecturer of economics at the University of Colombo.
So for now, protesters continue to occupy the presidential palace and enjoy the amenities, as Sri Lankans wait for a new government, fuel for the pumps, food on the table, and the crisis to end."
...""We still have two days of severe fossil fuel shortage ... there is a medicine and medical equipment shortage. There is a looming food crisis that is coming our way," he said.
"I think Sri Lankans understand that the next six months are going to be very, very difficult. They need to be very resilient in order to get through these six months until an IMF deal is agreed and negotiated."
Sri Lanka has been negotiating a bailout program with the IMF, but it has been complicated by the fact the country is now bankrupt. That deal is what experts think could be the first step out of this mess.
"The sooner we get that, we can also get other support because other countries are not going to support [Sri Lanka] up until we finalize an IMF agreement," said Umesh Moramudali, a lecturer of economics at the University of Colombo.
So for now, protesters continue to occupy the presidential palace and enjoy the amenities, as Sri Lankans wait for a new government, fuel for the pumps, food on the table, and the crisis to end."
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