Search results
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 ...
Apr 6, 2022 · A Sri Lankan rap song, featuring WION's report on the debt-ridden island nation's worst economic crisis since independence, is going viral on the internet. The song, which begins with a voiceover from a Gravitas report by WION's Executive Editor, Palki Sharma Upadhyay, has already racked up over 160,000 views in only one day.
People also ask
Is Sri Lanka on the verge of collapse?
What is happening in Sri Lanka?
Is the 81-billion-dollar Sri Lankan economy on the verge of collapse?
Will Sri Lanka's healthcare system collapse?
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
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 ...
May 12, 2022 · Sri Lanka is on the verge of bankruptcy after suspending payment of $7bn of foreign loans it was due to pay this year out of a $25bn due by 2026. Sri Lanka’s total foreign debt stands at $51bn ...
The main focus has been on restructuring its $36bn of foreign debt. This includes more than $7bn of loans from China, Sri Lanka's largest bilateral creditor. However, it is the restructuring of ...
