The Finance (Supplementary) Bill, 2023, was tabled last week, on February 15, in line with measures required to secure the next IMF loan tranche of USD 1.1 billion
The lack of fuel has brought the entire nation to a halt and severely affected other sectors – one of them being education. Starting June 20, at least three universities and schools in the main cities have remained closed
Protestors raised slogans against inflation and the anti-people policies of the International Monetary Fund. The national government, led by Shehbaz Sharif, is adopting drastic measures to convince international lending authority for a bailout package.
The decision to deploy military personnel comes after Sri Lanka reported four deaths in 48 hours in fuel queues this week as people lined up for hours outside filling stations after a sudden hike in prices of essential commodities.
After its foreign currency reserves dropped to USD 1.6 billion in November last year, Sri Lanka’s economic crisis has snowballed at an alarming rate with acute shortage of essential commodities, food and fuel