Inside Sri Lanka's economic crisis - BBC Newsnight

Sri Lanka is in the grip of severe fuel and food shortages that have brought people out onto the streets to call for the removal of the country's president.
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The developing nation has been hit hard by global supply chain issues but many blame economic mismanagement and corruption within government.
For the first time in history the country was forced to default on it's foreign debt last month and has received emergency diesel shipments from India.
Now they are asking for an economic bailout worth billions of dollars from the International monetary fund.
Speculation is growing that other developing nations will soon be facing the same problems.
Newsnight's Economics editor Ben Chu went to Sri Lanka to examine the crisis engulfing the country.
Newsnight is the BBC's flagship news and current affairs TV programme - with analysis, debate, exclusives, and robust interviews.
Website: www.bbc.co.uk/newsnight
Twitter: / bbcnewsnight
Facebook: / bbcnewsnight .

Пікірлер: 634

  • @karenmbbaxter
    @karenmbbaxter2 жыл бұрын

    One thing the BBC didn't mention is The P.M. stopping farmers from using fertiziler immediately on their crops. This was the real nail in the coffin economically for Sri Lanka. The country used to grow enough crops to feed itself but now with a ban of fertilizer they are only growing half the amount of crops than normal and there is not enough food to feed the population.

  • @GG-hn3dy

    @GG-hn3dy

    2 жыл бұрын

    He did not want or was ordered not to report it. BBC reporting has become so biased to be unwatchable.

  • @prakyathkumar8618

    @prakyathkumar8618

    Жыл бұрын

    it's politically incorrect to report such facts

  • @kotenoklelu3471

    @kotenoklelu3471

    Жыл бұрын

    It awaits many more countries. With energy crises there is shortage of fertilizers globally. Price of fertilizers triple

  • @itsaUSBline

    @itsaUSBline

    Жыл бұрын

    Seems like that's outside of the scope of the report. It's clearly intended as a general overview of the situation. They interview multiple people who mention the corruption and mismanagement of the government, so it's not like they entirely gloss that over, they just don't go into specific detail as what that mismanagement involved because it's not particularly relevant to an international audience who doesn't live in Sri Lanka. You can easily go look up the specifics if you're so inclined. I wouldn't call this bias, except in the sense that the report is clearly aimed at people who aren't actually living in Sri Lanka.

  • @souvikrc4499

    @souvikrc4499

    Жыл бұрын

    Apparently it was a half assed move to save SL’s foreign exchange reserves, which ended up backfiring spectacularly.

  • @alexindustries1991
    @alexindustries19912 жыл бұрын

    Corruption is the prime reason. Mismanagement is the second reason.

  • @RedDragon-yq7ro

    @RedDragon-yq7ro

    2 жыл бұрын

    Invest in solar panels and batteries, Purchase electric cars, bikes etc.

  • @alexindustries1991

    @alexindustries1991

    2 жыл бұрын

    @@RedDragon-yq7ro tell it to corrupt politicians. How could they live without the commissions they gain from coal and oil imports?

  • @lynngb4864

    @lynngb4864

    2 жыл бұрын

    The primary reason is an electorate incapable of distinguishing facts from fear mongering when choosing their leaders. Coming soon to a democracy near you.

  • @alexindustries1991

    @alexindustries1991

    2 жыл бұрын

    @@lynngb4864 there are no 'good politicians' to chose from in Sri Lanka. People have to opt for the least corrupted politicians, who become the most corrupted ones during their tenure.

  • @alexindustries1991

    @alexindustries1991

    2 жыл бұрын

    @@lordcarl3374 not really. China always stood for Sri Lanka in its times od need. For example, China and Russia vetoed against UN security council proposals against Sri Lanka that were brought in by the likes of Briton and US. China provided Sri Lanka with required military aid and funding to end the war with the terrorist organisation called LTTE. China always provided required funds for the development of the nation. They never hesitated when asked. It was Sri Lankan piliticians and high officials who pocketed the bulk of the funds and used the rest on useless mega projects like the Maththala international airport. China was never a reason for the current situation in the country. If the Chinese and other funds were used properly for the past couple of decades, Sri Lanka wouldn't be still called as a developing country.

  • @karnatakaball
    @karnatakaball Жыл бұрын

    I feel sorry for the Sri Lankan people. Hopefully you get through this. From Bangalore, Karnataka, India. 🇮🇳❤️🇱🇰

  • @niru9886

    @niru9886

    Жыл бұрын

    Sinhala pundai

  • @warnpassion

    @warnpassion

    8 ай бұрын

    No need. These Sri Lankans are the most resentful and despising lot. Despite India helping them overcome this economic emergency by providing emergency fuel, medicines and money in the early days of this catastrophe they still hold pretty racist, sectarian and chauvinistic views against us.

  • @masscvf6094

    @masscvf6094

    6 ай бұрын

    ​@@niru9886😂😅😅😅❤🎉

  • @masscvf6094

    @masscvf6094

    6 ай бұрын

    ​@@niru9886Nanba vera level😂❤🎉🎉

  • @indikawijenayake2904
    @indikawijenayake29042 жыл бұрын

    This country has been dragged to this situation by a corrupted family.

  • @RedDragon-yq7ro

    @RedDragon-yq7ro

    2 жыл бұрын

    Invest in solar panels and batteries, Purchase electric cars, bikes etc.

  • @indikawijenayake2904

    @indikawijenayake2904

    2 жыл бұрын

    @@nba1942 nice try to get views stupid!!!

  • @Mark-xg3zn

    @Mark-xg3zn

    2 жыл бұрын

    @@RedDragon-yq7ro We cant eat 3 meals a day my friend, we are not in a financial, mental, physical or emotionally capable state to think of investments.

  • @seeingisbelieving8519

    @seeingisbelieving8519

    2 жыл бұрын

    No Indika Wijenyake is not Corrupted family. Its your Sinhalese People who voted in large amount to bring this triple gem leaders (Rajapakshe Family) back in to leadership. Because you wanted to teach Minority a lesson, Because you people believed he was a Dutugamunu.

  • @indikawijenayake2904

    @indikawijenayake2904

    2 жыл бұрын

    @@seeingisbelieving8519 this is not right at all brother. That so called majority does not represent us. But can't reject what you've told. It was the majority who voted them.

  • @johnxina987
    @johnxina9872 жыл бұрын

    I am sad the fertilizer import ban was only covered for 30 seconds. In Sri Lanka, just over 1/4th of the population works in agriculture. That's compared to less than 1% in the United States. When your government is dumb enough to ban fertilizer imports, and massively decrease crop yields, things are going to get very ugly! And that's before the debt, tourism drop, and food and energy prices skyrocketed.

  • @bryantay2900

    @bryantay2900

    2 жыл бұрын

    This is self inflicted by sri lanka?

  • @jirachi-wishmaker9242

    @jirachi-wishmaker9242

    2 жыл бұрын

    @@bryantay2900 yes to "promote" organic farming.

  • @tp8615

    @tp8615

    2 жыл бұрын

    Copy pasta!

  • @ManMan-ul1pn

    @ManMan-ul1pn

    2 жыл бұрын

    @@bryantay2900 yep

  • @DAndyLord

    @DAndyLord

    2 жыл бұрын

    @@jirachi-wishmaker9242 In most cases organic farming is worse for the environment, and produces lower nutrition quality foods than modern farming. Or it requires an unreasonable amount of labour.

  • @AnimeLover-fi3wf
    @AnimeLover-fi3wf2 жыл бұрын

    I live in Sri Lanka, so I'm really sad to see my mom struggle everyday to give me and my brother's 3 meals a day, going to work walking halfway and back because there are less busses and the once that are running are jam packed 😓😓, some of my friends hardly get 2 meals a day, some get non at all. the only thing I can do is pray, if you can give a small prayer for all of us it would be a big help ✨✨✨

  • @RedDragon-yq7ro

    @RedDragon-yq7ro

    2 жыл бұрын

    Invest in solar panels and batteries, Purchase electric cars, bikes etc.

  • @humancorruption9718

    @humancorruption9718

    2 жыл бұрын

    Why are you not growing your own food in buckets ???

  • @yeeet1198

    @yeeet1198

    2 жыл бұрын

    @SorryLankan lol ok

  • @7_years_and_

    @7_years_and_

    2 жыл бұрын

    @SorryLankan stop victimhood .how many died /killed by LTTE? Stop acting like you are the only victim

  • @sweeta17

    @sweeta17

    2 жыл бұрын

    in sl news several people have said about not having 3 meals daily . look at europe and other so called rich western countries where many cant afford 3 daily either even 1 or 2 with some people . personally i dont think 3 is necessary . the people are struggling badly too and many have sold their cars because they cant pay for fuel insurance etc nor for many other things . times are very tough for non wealthy people everywhere . there are plenty of stories on here yt .

  • @VISHNUPSOFFICIAL
    @VISHNUPSOFFICIAL2 жыл бұрын

    Prayers from India, 🇮🇳.Hope Srilanka will recover soon from this problems.

  • @888ssss

    @888ssss

    2 жыл бұрын

    it wont recover util its gets rid of central banking criminals.

  • @simriths.s5976

    @simriths.s5976

    2 жыл бұрын

    @@888ssss and Chinese influence.

  • @jirachi-wishmaker9242

    @jirachi-wishmaker9242

    2 жыл бұрын

    @@simriths.s5976 They owe Japan same amount as China.

  • @simriths.s5976

    @simriths.s5976

    2 жыл бұрын

    @@jirachi-wishmaker9242 they owe us also but we'll forgive them.

  • @jirachi-wishmaker9242

    @jirachi-wishmaker9242

    2 жыл бұрын

    @@simriths.s5976 Our loan 6% Japan 10% China 10%.

  • @jeca3865
    @jeca38652 жыл бұрын

    You cannot erase corruption in this world. Even developed countries still have a problem in corruption

  • @pedroroque8681

    @pedroroque8681

    2 жыл бұрын

    “Developed countries” were built on corruption. They are the fathers of corruption, not the other way around.

  • @davyroger3773

    @davyroger3773

    Жыл бұрын

    There’s no such thing as a developed country

  • @romanvladimirovichpetrikov4947
    @romanvladimirovichpetrikov49472 жыл бұрын

    I thank BBC for your useful and honest work. I am from Russia. I am with people from Shi Lanka. We don't need any corruption in the world and our countries!

  • @nba1942

    @nba1942

    2 жыл бұрын

    1 Roman Vladimirovich Petrikov Fuk what you saying it here 😠 kzread.info/dash/bejne/aq6myLWEZtPUoLQ.html Felicidades, es un buen ejemplo. 😠 5:25 Se deja ver que hay muy buenos resultados 😠😠 Saludos desde la Cd.. de world 🌹😉💖 los mortales abian apreciado tan hermosa mujer

  • @user-en2oz8vu8f

    @user-en2oz8vu8f

    2 жыл бұрын

    Thank you

  • @janath9118

    @janath9118

    2 жыл бұрын

    Roman Petrikov Thank you for your interest about Sri Lanka!

  • @romanvladimirovichpetrikov4947

    @romanvladimirovichpetrikov4947

    2 жыл бұрын

    @@janath9118 Thanks for your reply. I respect all the people who fight for their rights and against any corruption. I like Indian culture a lot. It has changed my life.

  • @aussiedrones755

    @aussiedrones755

    2 жыл бұрын

    It’s for the archive

  • @davidebiember607
    @davidebiember6072 жыл бұрын

    So sorry to see the suffering being inflicted on the people of Sri Lanka. I lived there for 3 and a half years from 1979 to 1983. I was a student there studying accountancy (CIMA) .i could not have chosen a better place to go . The SriLankan people are some of the best people i have ever seen. I have been to about 40 countries and that says a lot. When as a student i got broke there were always kind people to help me out. My prayers are just that they get out of this terrible situation and live better lives.

  • @seeingisbelieving8519

    @seeingisbelieving8519

    2 жыл бұрын

    Did u see Anti Tamil Pogrom in 1983??? Best people that murder thousand of minority... The reason sri lanka in that position is got nothing to with corruption..... RACISM/fascism & MAJORITARIANISM IS THE REASON MY FRIEND......... "Ebiember last name sound like German.... I hope you know what the German did

  • @velocirapture89
    @velocirapture892 жыл бұрын

    I am very sorry to hear about this crisis. I have donated what I can spare at the moment to humanitarian funds but I do wonder how much of that will actually go to benefit the average man, woman and child affected by these crises.

  • @nanamartynova919
    @nanamartynova9192 жыл бұрын

    prayers for you all there...

  • @sojournersunrise2290
    @sojournersunrise22902 жыл бұрын

    ~Prayers~

  • @rondoengin1842
    @rondoengin18422 жыл бұрын

    I love the sri lanka state and its people very much, the situation of the country will improve I hope greetings from turkiye

  • @shreeveda
    @shreeveda2 жыл бұрын

    In such tough times, public transport must be focussed upon more. Personal vehicles must be discouraged. Do this till the tide turns.

  • @abuahmed6058
    @abuahmed60582 жыл бұрын

    Lessons to be learned from the economic collapse of Sri Lanka: always live within means ,don't go for deficit financing, don't go for foreign borrowing .

  • @RedDragon-yq7ro

    @RedDragon-yq7ro

    2 жыл бұрын

    Invest in solar panels and batteries, Purchase electric cars, bikes etc.

  • @kristycampbell5986

    @kristycampbell5986

    2 жыл бұрын

    1 Abu Ahmed Fuk what you saying it here 😠 kzread.info/dash/bejne/aq6myLWEZtPUoLQ.html Felicidades, es un buen ejemplo. 😠 5:25 Se deja ver que hay muy buenos resultados 😠😠 Saludos desde la Cd.. de world 🌹😉💖 los mortales abian apreciado tan hermosa mujer

  • @michaelbuckttee4241

    @michaelbuckttee4241

    2 жыл бұрын

    deficit financing... sounds like a real problem of the state

  • @sydneywest7082

    @sydneywest7082

    Жыл бұрын

    @@RedDragon-yq7ro lol your repeat comment sound like troll

  • @sydneywest7082

    @sydneywest7082

    Жыл бұрын

    exactly

  • @everythingworthy
    @everythingworthy Жыл бұрын

    An example for the rest of the world. Political dynasty is a plague. Prayers to the Sri Lankan people 🙏

  • @Vaginaninja

    @Vaginaninja

    Жыл бұрын

    Religion is also a plague, dude. 🙏

  • @everythingworthy

    @everythingworthy

    Жыл бұрын

    @@Vaginaninja Not as much as politics. Religion doesn't run a government.

  • @syedshabazhaidernaqvi5576
    @syedshabazhaidernaqvi55762 жыл бұрын

    Thank you

  • @mohamedtrevino8709

    @mohamedtrevino8709

    2 жыл бұрын

    1 Syed shabaz Haider naqvi Fuk what you saying it here 😠 kzread.info/dash/bejne/aq6myLWEZtPUoLQ.html Felicidades, es un buen ejemplo. 😠 5:25 Se deja ver que hay muy buenos resultados 😠😠 Saludos desde la Cd.. de world 🌹😉💖 los mortales abian apreciado tan hermosa mujer

  • @JamesHahnII
    @JamesHahnII2 жыл бұрын

    Not a word about the Sri Lanka Central Bank devaluing the currency and causing this inflation?? “Sri Lanka has printed 1.2 trillion rupees in 2021 most of which has flowed out of the country as a balance of payments deficit official data shows on top of 505 billion rupees printed in 2019 mostly to keep interest rates down.”

  • @nba1942

    @nba1942

    2 жыл бұрын

    1 James Hahn II Fuk what you saying it here 😠 kzread.info/dash/bejne/aq6myLWEZtPUoLQ.html Felicidades, es un buen ejemplo. 😠 5:25 Se deja ver que hay muy buenos resultados 😠😠 Saludos desde la Cd.. de world 🌹😉💖 los mortales abian apreciado tan hermosa mujer

  • @johnsmith99997

    @johnsmith99997

    Жыл бұрын

    Can't have reality getting out, how will the worlds governments keep buying votes without printing

  • @walterrodrigues9077
    @walterrodrigues9077 Жыл бұрын

    Great 😊

  • @jirachi-wishmaker9242
    @jirachi-wishmaker92422 жыл бұрын

    Hope it recovers...prayers from India To 🇵🇰🇲🇲🇳🇵🇲🇻 as well

  • @azyanziyad1291

    @azyanziyad1291

    Жыл бұрын

    Thanks for the prayers but my country 🇲🇻 can recover from anything if it's was not for the corrupt people like the Sri Lankans that costed them dearly I am wishing Lanka to recover from this dark crisis 🙏

  • @azyanziyad1291

    @azyanziyad1291

    Жыл бұрын

    Yes my country is doing well since covid

  • @Bullcutter
    @Bullcutter2 жыл бұрын

    Watch out for con-artists here, speaking about investing, using certain person or organisation as being recommend! It's all a con to rub people of their savings!

  • @dsn3001

    @dsn3001

    2 жыл бұрын

    yeah funny seeing some of these bots trying to peddle their junk to other bots.

  • @davyroger3773

    @davyroger3773

    Жыл бұрын

    You’d have to be nuts not to catch on that it’s a scam, I see those horrible comments all the time

  • @undisclosed_branding9714
    @undisclosed_branding9714 Жыл бұрын

    Such beautiful people. I feel horrible for them

  • @RangithaBalasuriya
    @RangithaBalasuriya2 жыл бұрын

    In fact, today the queue hours have increased to 40 from 8. Very sad.

  • @nba1942

    @nba1942

    2 жыл бұрын

    1 Rangitha Balasuriya Fuk what you saying it here 😠 kzread.info/dash/bejne/aq6myLWEZtPUoLQ.html Felicidades, es un buen ejemplo. 😠 5:25 Se deja ver que hay muy buenos resultados 😠😠 Saludos desde la Cd.. de world 🌹😉💖 los mortales abian apreciado tan hermosa mujer

  • @embreis2257
    @embreis22572 жыл бұрын

    maybe if Sri Lankan prosecutors would seize all assets of the former PM, president and family members and freezes them until a fair trial establishes if any of it can be claimed back lawfully?

  • @englishforya
    @englishforya2 жыл бұрын

    Memories are always special. Sometimes we laugh by remembering the days we cried.and we cry by remembering the days we laughed.. That is life.

  • @jirachi-wishmaker9242

    @jirachi-wishmaker9242

    2 жыл бұрын

    LifeForYa

  • @shashanksaxena8565
    @shashanksaxena8565 Жыл бұрын

    I know it's tough time for Sri Lankans....still keeping their cool and following laws .... protesting in peaceful manner...is applaudble! I hope & pray that they will get out of this financial trouble soon & will become an example to how to manage your country in tough times.

  • @shankar4330

    @shankar4330

    Жыл бұрын

    You must be living under the rock then. They ransacked presidential palace and prime minister's residence

  • @fazaldgx6822
    @fazaldgx6822 Жыл бұрын

    Nice

  • @rajasingammuthusamy959
    @rajasingammuthusamy9592 жыл бұрын

    In Malaysian also almost the same situation, with very expensive food items.

  • @kristycampbell5986

    @kristycampbell5986

    2 жыл бұрын

    1 Rajasingam Muthusamy Fuk what you saying it here 😠 kzread.info/dash/bejne/aq6myLWEZtPUoLQ.html Felicidades, es un buen ejemplo. 😠 5:25 Se deja ver que hay muy buenos resultados 😠😠 Saludos desde la Cd.. de world 🌹😉💖 los mortales abian apreciado tan hermosa mujer

  • @rcm8881

    @rcm8881

    Жыл бұрын

    same here in the Philippines my ASEAN brother

  • @bulthaosen1169
    @bulthaosen11692 жыл бұрын

    That rabies case really drove home the point.

  • @mohamedtrevino8709

    @mohamedtrevino8709

    2 жыл бұрын

    1 Bul Thaosen Fuk what you saying it here 😠 kzread.info/dash/bejne/aq6myLWEZtPUoLQ.html Felicidades, es un buen ejemplo. 😠 5:25 Se deja ver que hay muy buenos resultados 😠😠 Saludos desde la Cd.. de world 🌹😉💖 los mortales abian apreciado tan hermosa mujer

  • @aleksandersuur9475

    @aleksandersuur9475

    2 жыл бұрын

    That's a poor example, because rabies is really very rare these days. It's a danger of least concern, because it's just not very likely to happen. Sri Lanka is not one of the countries to have managed to eradicate the disease completely, but still it's not common at all.

  • @bulthaosen1169

    @bulthaosen1169

    2 жыл бұрын

    @@aleksandersuur9475 the point is that it's a stupid way to die. It's not as if rabies vaccine is expensive and hard to find.

  • @shayanahmad5439
    @shayanahmad54392 жыл бұрын

    This rhymes so much with the situation in Pakistan.

  • @darleneburns8035
    @darleneburns80352 жыл бұрын

    This is not good it will only get worst

  • @stevenssendegeya7945
    @stevenssendegeya7945 Жыл бұрын

    Sad

  • @mitziamit751
    @mitziamit7512 жыл бұрын

    Pray for Sri Lanka I will be starting online school again because of the fuel crisis 🙏

  • @rajk2169
    @rajk21692 жыл бұрын

    In March 2020, the IMF told the Rajapaksa regime that Sri-Lanka’s debt was unsustainable. The IMF did a debt sustainability analysis and came to a conclusion that the debt was not sustainable for the next five years. The regime ignored the warning from the IMF! In Sep 2021, the regime appointed Ajith Nivard Cabraal as the central bank governor. Cabraal repeatedly claimed that there was no need for an IMF bailout! Sri-Lanka has asked the IMF for bailout 16 times in the last 52 years. This shows that Sri-Lanka has been an economic basket case for the last 50 plus years. However, the Rajapaksa regime has comically claimed that going to the IMF would damage the sovereignty of the country and wasted two years in seeking an IMF bailout. Now, after bankrupting the country, the regime is asking the IMF to speed up the bailout! In 1950, one US dollar bought Rs 5. When Gotabaya Rajapaksa was elected in November 2019, one US dollar bought Rs 180. Now, one US dollar can buy more than Rs 360. The Rajapaksa regime is probably the most incompetent regime in the world!

  • @carmensolomonsz734

    @carmensolomonsz734

    2 жыл бұрын

    Australia is giving Sri Lanka fifty million dollars and so are other nations. With the corruption by the family running the country and their henchmen I wonder how much will go into their pockets!! These corrupt individuals have been bleeding this unfortunate country for years. Just check their assets : luxury hotels in Dubai and other such places for instance. And now even with the so called Emergency in place the wives and children of these corrupt individuals have fled under cover of darkness to their mansions overseas. Will anyone or anything save this sad country??

  • @rajk2169

    @rajk2169

    2 жыл бұрын

    @@carmensolomonsz734 It is not just Australia propping up the dodgy regime. India, UK and US have been propping up the Rajapaksa regime and the previous Sri-Lankan regimes despite knowing their records of corruption and violence! Mahinda Rajapaksa stole money from the Tsunami Aid funds. You can check online for “Helping Hambantota”. The Commonwealth gave Mahinda Rajapaksa the honor to host the Commonwealth Summit in 2013, despite credible allegations of war crime against the Rajapaksa regime. Instead of liquidating rogue regimes, the West wants to nurture them! Just over two years ago, the vast majority of Sinhalese voted for the Rajapaksa brothers knowing their records of corruption and violence, when they were in power from 2005 to 2015. The Rajapaksa brothers were elected primarily because of Sinhala ethno-nationalism. So, the Sinhalese have no right to complain now! It is worth noting that every government since 1948 (except the first government of Ceylon) left office under an economic and/or political crisis! So, Sri-Lanka’s future will be bleak!

  • @elishevak.8637
    @elishevak.8637 Жыл бұрын

    I heard that part of the problem is that Sri Lanka has gone organic and since pesticides aren't used any more there is much less produce... Is that just a rumor?

  • @nonine5304
    @nonine53042 жыл бұрын

    Feel pity for the Srilankans... God bless

  • @nonine5304

    @nonine5304

    2 жыл бұрын

    @@nba1942 now go and fk yourself... If you dont know the amount of corruption of the politicians... you must not speak.

  • @groots4667

    @groots4667

    Жыл бұрын

    feel pity for 200k plus tamilian mass slaughtered there. karma hits now very badly.

  • @johnsmith99997

    @johnsmith99997

    Жыл бұрын

    Are you saying the 2.2 million Tamils in Sri Lanka are not Sri Lankan? They are suffering this too

  • @gulishtanaaz1076
    @gulishtanaaz1076 Жыл бұрын

    Yes but as a human being i don't want them to suffer ...may god helps you all to come over this critical critical....our dua is always with you all ....soon you will come out of it

  • 2 жыл бұрын

    Why just some people going more rich while most people of world going down, more poor?

  • 2 жыл бұрын

    @@wocky7940 I already am and be you to!

  • @maryloutalabon7082
    @maryloutalabon7082 Жыл бұрын

    My goodness what happen to Sri Lanka

  • @humanfactory4905
    @humanfactory4905 Жыл бұрын

    For the last 2 years, it lost about 10 B USD from Tourism and Worker Remittances due to the Covid. it was a big hit to its foreign reserve(7.5 B USD) in front of the loss of its access to the international commercial credit market. So, this resulted in a dollar shortage, and now working with IMF and other international assistance to get rid of this.

  • @blardymunggas6884

    @blardymunggas6884

    Жыл бұрын

    Lesson : Never borrow money from IMF. They will destroy your country

  • @sww3679

    @sww3679

    Жыл бұрын

    @@blardymunggas6884 how? explain. IMF never taken any actions when a country defaults, only granted grace periods.

  • @blardymunggas6884

    @blardymunggas6884

    Жыл бұрын

    @@sww3679 IMF interest rates is the highest. You didn’t know?? You should read the contracts. Its worse than borrowing from unlicensed money lenders. Day light robbery from those that are desperate.

  • @sww3679

    @sww3679

    Жыл бұрын

    @@blardymunggas6884 show me the contracts, examples, and link to prove your allegation.

  • @occif2023
    @occif20232 жыл бұрын

    That tan blazer has seen better days. It appears he found that wadded up in the back seat of his Volkswagen on a hot sunny day after he spilled a 7up on it.

  • @gohan3243
    @gohan32432 жыл бұрын

    Nobody would stop corruption if they benefit from it.

  • @nba1942

    @nba1942

    2 жыл бұрын

    1 Go Han Fuk what you saying it here 😠 kzread.info/dash/bejne/aq6myLWEZtPUoLQ.html Felicidades, es un buen ejemplo. 😠 5:25 Se deja ver que hay muy buenos resultados 😠😠 Saludos desde la Cd.. de world 🌹😉💖 los mortales abian apreciado tan hermosa mujer

  • @thetooba8758
    @thetooba8758 Жыл бұрын

    MAY GOD BLESS YOUR COUNTRY. LOVE FROM PAKISTAN 🇵🇰❤️

  • @user-td1pt3dv9w
    @user-td1pt3dv9w2 жыл бұрын

    Благодарность Вам студии за репортаж это будет вокруг скоро даже самых золотых ископаемо странах !!!

  • @nothuman3083

    @nothuman3083

    2 жыл бұрын

    This is your allies fault you know the ccp wanted a port that badly, but we also got a port too.

  • @humancorruption9718

    @humancorruption9718

    2 жыл бұрын

    Very true. War is coming to this world and I can not wait.

  • @johnmatthew536
    @johnmatthew5362 жыл бұрын

    Saint Joseph comfort of the afflicted Pray for us . . .

  • @mrbardel4363
    @mrbardel43632 жыл бұрын

    this is the future ...

  • @dhesgonzales9840
    @dhesgonzales9840 Жыл бұрын

    Please have mercy on them..

  • @freeyoutubemusic1779
    @freeyoutubemusic1779 Жыл бұрын

    Ohh

  • @kishannr911
    @kishannr911 Жыл бұрын

    Once a Sri Lankan said - We are not like other country we are punctual and maintian our duties well. Now Karma has found its way to your destiny... Feel the pain and gain the wisdom... Dont be too smart or too jealous... God bless you come out of your troubles and learn and live like a literate man...

  • @Tal__
    @Tal__2 жыл бұрын

    Sri Lanka has a very advantageous position in global shipping but government mismanagement ed them to privatise 80% of the new Hambantota deep water harbour to Chinese investors. The conservatives have been doing a similar thing for the past 12 years, mismanage the economy and start privatising British industry and selling it off wholesale to Chinese investors.

  • @breastmilkgaming

    @breastmilkgaming

    2 жыл бұрын

    the Chinese port of Srilanka had 0 cargo ships

  • @michaelbuckttee4241

    @michaelbuckttee4241

    2 жыл бұрын

    it's nothing to do with Chinese investors. it's their CURRPTED goverment.

  • @thejanamendis9528

    @thejanamendis9528

    Жыл бұрын

    Hambantota is not a big thing .colombo port is the real thing.ranked top 10 in the world.

  • @Tal__

    @Tal__

    Жыл бұрын

    @@thejanamendis9528 obviously, the government screwed up Hambantota...

  • @anycyclopedia
    @anycyclopedia2 жыл бұрын

    1 Family destroyed millions of families

  • @rajk2169
    @rajk21692 жыл бұрын

    Corruption, incompetence, majoritarianism, nepotism and racism are the reasons for Sri-Lanka’s bankruptcy. Two years ago, the vast majority of Sinhalese voted for the Rajapaksa brothers knowing their records of corruption and violence, when they were in power from 2005 to 2015. The Rajapaksa brothers were elected primarily because of Sinhala ethno-nationalism. In Sri-Lanka, elections are won on anti-Tamil and anti-Muslim propaganda! So, the Sinhalese who voted for them cannot complain now! What goes around comes around! “The government you elect is the government you deserve.” Thomas Jefferson

  • @tuffbarber842

    @tuffbarber842

    2 жыл бұрын

    Just like Hindu nationalist movement are doing now to India their election pjb is nothing but ethno/religious nationalism discussed as a democracy.

  • @rajk2169

    @rajk2169

    2 жыл бұрын

    @@tuffbarber842 True. Anti-minority propaganda is a South Asian disease. It is used by third-rate politicians to win power by fooling the majority! This is the reason South Asia is stuck in the third-world.

  • @Abiwick
    @Abiwick2 жыл бұрын

    3:56 He's Father is also one of Sri Lankan president😂

  • @junedjujun3000
    @junedjujun30002 жыл бұрын

    💥💥💥💥🔥🔥🔥

  • @nba1942

    @nba1942

    2 жыл бұрын

    1 Juned Jujun Fuk what you saying it here 😠 kzread.info/dash/bejne/aq6myLWEZtPUoLQ.html Felicidades, es un buen ejemplo. 😠 5:25 Se deja ver que hay muy buenos resultados 😠😠 Saludos desde la Cd.. de world 🌹😉💖 los mortales abian apreciado tan hermosa mujer

  • @MrWaterbugdesign
    @MrWaterbugdesign Жыл бұрын

    Cabbage is still about 1/3 less in Sri Lanka than the US. Yes it used to be cheaper, but is still cheap. Inflation is the measure of change, not a level.

  • @isurusrinath9904
    @isurusrinath99042 жыл бұрын

    #gohomegota2022 #un #ගෙදරපලගෝටා

  • @vaughnbay
    @vaughnbay2 жыл бұрын

    You can only consume what you produce. You can only import stuff, if you export stuff. Maybe a substantial reduction in standard of living is in order rather than a bailout.

  • @OFWKalinga
    @OFWKalinga Жыл бұрын

    🤔🤔🤔

  • @human8454
    @human84542 жыл бұрын

    rich countries please help srilankan brothers 😢

  • @nicks2106
    @nicks21062 жыл бұрын

    Corruption will destroy all society

  • @jimflagg4009
    @jimflagg4009 Жыл бұрын

    Just maybe you should not have cut taxes.

  • @adityalimbu4858
    @adityalimbu48582 жыл бұрын

    I see my country Nepal future on this video

  • @julioduan7130
    @julioduan71302 жыл бұрын

    This is the direct consequence of US interest rate hike, which caused all the money around the world went back to the USA.

  • @ceylon4623
    @ceylon46232 жыл бұрын

    #gohomegota

  • @pemawangchuk6500
    @pemawangchuk65002 жыл бұрын

    Get well soon our Buddhism brother be claim and be happy.🇧🇹🇧🇹🇧🇹🇧🇹🇧🇹🇧🇹🇧🇹

  • @stevekima8881
    @stevekima8881 Жыл бұрын

    The world needs a new system where our chosen leaders can't use corruption

  • @pemawangchuk6500
    @pemawangchuk65002 жыл бұрын

    From Bhutan 🇧🇹🇧🇹🇧🇹🇧🇹🇧🇹🇧🇹🇧🇹🇧🇹

  • @mayavanraja1656
    @mayavanraja1656 Жыл бұрын

    2009 war costs? Lol... why these medias are not talking about the impact of war on economy

  • @DogeHandle
    @DogeHandle Жыл бұрын

    Inflation is a monster 👺

  • @goldfinga786able
    @goldfinga786able2 жыл бұрын

    Many of the country is yet to follow this crisis and it’s gonna get bad to worse

  • @rcm8881

    @rcm8881

    Жыл бұрын

    I agree and those countries are the ones who are heavily dependent on imported goods

  • @Arun7748
    @Arun77482 жыл бұрын

    I don't know what Rajapakses did wrong. They did exactly what people voted their family for - discrimination, hatred, racism and genocide of Tamils - and they did that. Now suddenly people talk like angel victims and switched the topic to economy jobs etc.

  • @woosh_hunter
    @woosh_hunter Жыл бұрын

    b-but they have cricket 🥺

  • @forsetifamiliaran9759
    @forsetifamiliaran9759 Жыл бұрын

    Take my place ! You will all so enrich yourself !

  • @ganesselva5970
    @ganesselva5970 Жыл бұрын

    First came the political bankrupt; followed by economic.

  • @lilawathikumari5586
    @lilawathikumari55862 жыл бұрын

    I'm very afraid to give a comment here because Sri Lanka is a country that taken the liberty of social media usage. So forgive me for my comment. I think I found a solution to all of these struggles right now going on in Sri Lanka. People of Sri Lanka live in such a hell these days. People of Sri Lanka needs Chemical fertilisers for their farms and more importantly the fuel. Not to the Police or Armies or to the government. Just the ones who need... Fellow other countries , if you're listening from where ever you are... Just if you can help people of Sri Lanka. Send chemical fertilisers for farmers ( directly to the farmers ) and fuel. Forgive me if you find these words of mine as Dumb words. Just help the people you can. I'm not a hater. If you cannot help each other with other countries. I guess , there won't be a world to live anymore.

  • @seeingisbelieving8519

    @seeingisbelieving8519

    2 жыл бұрын

    Why do u have to fear ??? you are part of Sinhalese majority...... You should have any fear dear

  • @syarizansulaiman6554
    @syarizansulaiman65542 жыл бұрын

    World should help Sri Lanka

  • @cgbhc6667
    @cgbhc66672 жыл бұрын

    I hope it gets worse for them. Perhaps the theft scams will stop.

  • @paolopinoargote
    @paolopinoargote2 жыл бұрын

    This is the fate of Ecuador.

  • @tominski254
    @tominski254 Жыл бұрын

    Hope Kenyans are learning something here

  • @christophirelad9636
    @christophirelad96362 жыл бұрын

    This is going to happen world wide

  • @tensaijuusan4653

    @tensaijuusan4653

    2 жыл бұрын

    It already is.

  • @marialorenavillanueva5342
    @marialorenavillanueva5342 Жыл бұрын

    Philippines soon to follow

  • @Homeschoolsw6
    @Homeschoolsw62 жыл бұрын

    Carrots are a a luxury food.....

  • @shukriramlee
    @shukriramlee2 жыл бұрын

    I don't understand this world. Why we can't even distribute free food and medicine throughout the world? It's basic!

  • @nasleelafir4931
    @nasleelafir49312 жыл бұрын

    Reports say the stolen amount by the ruling family is closed to 30 billion dollars and most of the stolen money is invested in developed countries. So technically the west is also responsible for srilanka's economic downfall. Most developed countries never check where the money is from. Like London to the Russian Oligarchs.

  • @sandrarichardson4639
    @sandrarichardson46392 жыл бұрын

    We should stand strong as indigenous peoples 👭&go" to the farms®

  • @youubik
    @youubik2 жыл бұрын

    Sri Lanka's economic crisis ???? Have the BBC noticed that there is an economic crisis in the UK. Probably not, as they are not subject to economic forces, people are forced to pay their "licence fee"

  • @sonicboombeatbox5715
    @sonicboombeatbox57152 жыл бұрын

    Prayers & Thoughts

  • @GeminieCricket

    @GeminieCricket

    2 жыл бұрын

    Needs an infrastructure

  • @linkondebnoyon7243
    @linkondebnoyon72432 жыл бұрын

    🙂

  • @timewaster9640
    @timewaster96402 жыл бұрын

    Best time for tourists to tour Sri Lanka...

  • @dekuwar4436

    @dekuwar4436

    2 жыл бұрын

    How? No gas, no electricity and more importantly no petrol. Constant protests and chaos in the street. No tourist would love to travel in this type of situation.

  • @timewaster9640

    @timewaster9640

    2 жыл бұрын

    @@dekuwar4436 sarcasm... 🤦‍♂️

  • @kailashpatirai
    @kailashpatirai Жыл бұрын

    If child birth is high then shortage begans and crimes and unrest also begans

  • @internetjunkie5241
    @internetjunkie5241 Жыл бұрын

    Hold my beer a Zimbabwean has entered the chat .

  • @cropcircles5697
    @cropcircles56972 жыл бұрын

    They ruined their own farming industry by trying to ban artificial fertiliser in an effort to go green. Bbc forgot to mention that for some reason....

  • @dsn3001

    @dsn3001

    2 жыл бұрын

    Sri Lankan here. There was no effort to go "green". govt made it up after looting the country dry to cover up the lack of Dollars to import fertilizer.

  • @declangaming24

    @declangaming24

    2 жыл бұрын

    @Marie Lucas Bot idiot

  • @MrMonikura
    @MrMonikura2 жыл бұрын

    Lack of good governance... look at singapore?

  • @doucefrance5481
    @doucefrance5481 Жыл бұрын

    all world, not only lanka

  • @Mark-xg3zn
    @Mark-xg3zn2 жыл бұрын

    Dear International community, We need your help. Our people are dying in fuel queues, a teenager died 2 days ago because he was bit by a snake and the hospital didnt have anti-venom, kids cant face exams because there is no paper to print exam papers, farmers cant farm because there is no fertilizer, there is no milk to feed young kids. People are contemplating suicide and some have already taken thier own lives. And to the government the suffering of the people are a joke. We need your help. Visit us help bring in foreign revenue because we need it as the day when the majority of Lankans start commiting suicide in droves is not far away. 😞

  • @MrRedsjack
    @MrRedsjack2 жыл бұрын

    What's the average salary in Sri Lanka?

  • @toastyburger9665
    @toastyburger9665 Жыл бұрын

    I say the farmers should restart and use fertilizers for the people and their own good, but if they were to do that the people must support it

  • @easyeducation2590
    @easyeducation2590 Жыл бұрын

    When you elect a family

  • @longshahkonyak5697
    @longshahkonyak56972 жыл бұрын

    Still why the president is not give up?the innocent people and the public of sir Lankan are suffering,is he is not a human or sleeping.he should give up.👈 May God bless to all the people of sir Lankan.!

  • @eshanperera8044

    @eshanperera8044

    2 жыл бұрын

    Entire country demanding his resignation. That clown seating very comfortabiliy as if nothing happen. This is what happen when you put a dictator on the president seat.