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  1. Apr 17, 2022 · Sri Lanka is in the midst of its worst economic crisis in history. The country imports around 85% of its medical supplies. But with foreign currency reserves running low, essential drugs are now ...

    • ‘Nightmarish Situation’
    • Drug Shortages
    • Emergency

    Unable to pay for imports, including fuel and medicines, the government has resorted to electricity cuts and asked India and China to help pay for essentials. It is also seeking a bailout from the International Monetary Fund (IMF). Doctors say the power cuts and the medicine shortages have created “a nightmarish situation”. In the central Nuwar Eli...

    Doctors have also raised the alarm over shortages of critical drugs streptokinase and tenecteplase, used to treat heart attacks and strokes. “If you go to a hospital with a heart attack now, the chances of you dying is much higher than a few months ago,” said Dr Lakkumar Fernando, president of the Association of Medical Specialists. “All hospitals ...

    Sri Lankan doctors say this is neither a “sound” nor a “sustainable” policy. In a letter addressed to the president on April 7 and made public on Sunday, the Sri Lanka Medical Association (SLMA) contended that “what is considered non-emergency situations could turn into life-threatening problems within a few hours”. Without urgent replenishment of ...

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  3. Apr 4, 2022 · Samrat Sharma. New Delhi, UPDATED: Apr 4, 2022 23:17 IST. The 81-billion-dollar Sri Lankan economy is on the verge of collapse. The country is set to default on its debts now that it has to repay more than three times the amount it holds as foreign reserves. From debt trap to inflation, many things contributed to the ongoing crisis.

    • Samrat Sharma
    • DIU
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  4. Jun 7, 2021 · Sri Lanka is staring at an environmental catastrophe. On May 20, a fire erupted on a container ship, MV X-Press Pearl, anchored at a distance of around 9 nautical miles northwest of Colombo.The ...

  5. Mar 24, 2022 · Since 2021, the economic situation in Sri Lanka has been getting worse as the government declared an economic emergency in the country. A sudden spike in food cost and fuel shortage compelled many to queue before grocery stores and petrol pumps. News reports suggested rising cost of food items, sinking currency, and decreasing forex reserves ...

  6. May 26, 2022 · Sri Lanka is teetering on the verge of total collapse amid an unprecedented crisis triggered by years of economic mismanagement. On Friday, it defaulted on its debts for the first time – the ...

  7. Jul 20, 2023 · Sri Lanka faces brain drain, a year after uprising. The bankrupt Indian Ocean country has reached a bailout agreement with the IMF, tied to drastic reforms that are already strangling the middle ...

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