Sri Lanka Prime Minister says economy 'has collapsed,' unable to buy oil

  • 📰 9NewsAUS
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Australia Headlines News

Sri Lanka’s prime minister says its debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity. 9News

“We are now facing a far more serious situation beyond the mere shortages of fuel, gas, electricity and food. Our economy has completely collapsed. That is the most serious issue before us today,” Prime Minister Ranil Wickremesinghe told Parliament.

“As a result, no country or organisation in the world is willing to provide fuel to us. They are even reluctant to provide fuel for cash." “If steps had at least been taken to slow down the collapse of the economy at the beginning, we would not be facing this difficult situation today. But we lost out on this opportunity. We are now seeing signs of a possible fall to rock bottom,” he said.Sri Lanka has been muddling through mainly supported by $5.81 billion in credit lines from neighbouring India. But Wickremesinghe said India would not be able to keep Sri Lanka afloat for too long.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

We cannot be a sanctuary for everyone.

Another Labor failure

So will they return the favour when the same happens to our country?

Here comes the boats…

And Australian cricket team is now in srilanka

You're not coming in

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sri Lanka's economy has 'completely collapsed': Prime MinisterSri Lanka's Prime Minister says the debt-laden economy has completely collapsed after months of shortages of food, fuel and electricity. What does 'complete economic collapse' and 'fall to rock bottom' mean here? It doesn't sound good :( Sell the country to China Where's the WHO, WEF, UN? Our bloody saviors remember.🙄
Source: abcnews - 🏆 5. / 83 Read more »

David Warner falls just short of long-awaited century as Sri Lanka clinch ODI seriesAustralia's looming challenge of ‘extreme’ turning Sri Lankan Test wickets has been laid bare, after being spun out of the one-day series in Colombo
Source: GuardianAus - 🏆 1. / 98 Read more »

Australia spun out in Colombo as Sri Lanka clinches ODI seriesDavid Warner stars with a lone 99 as Australia collapses to lose the one-day series to Sri Lanka, in a serious warning for the tourists before the Tests. There you go. Congrats Sri Lanka🙌
Source: abcnews - 🏆 5. / 83 Read more »

Sri Lanka concedes asylum seeker boats will 'slip through' to AustraliaThe Sri Lankan Navy has suggested some asylum seeker boats will not be intercepted due to the operation of people smugglers as Home Affairs Minister Clare O'Neil met with leaders of the nation to address the issue. BOYCOTT RACIST SKY NEWS ADVERTISERS!! Wanna stop giving Murdoch YOUR $$$ This app blocks ALL Murdoch websites, even here on Twitter! You can see their free tweets, but when you click onto their links this block access and block the $ per click Rupert gets per view! No shock people smugglers ramping up operations under this weak Labor government. More interested in woke platitudes than protecting Australia's borders.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Home Affairs Minister meets with Sri Lankan leadersShe getting some tips? And what about the Australian economic crisis that is about to unfold? Money laundering grubs
Source: SkyNewsAust - 🏆 7. / 78 Read more »

GPS to track Sri Lankan fish fleetSo either the government knows who is smuggling people or Sri Lanka must have very honest and stupid criminals who will put GPS on their boats. This seems like a simplistic approach that has little chance of success. The Sri Lankan government not the Australian government should be doing that And what about Indonesia?
Source: SkyNewsAust - 🏆 7. / 78 Read more »