UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 9 Issue 10
October-2022
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2210136


Registration ID:
502379

Page Number

b203-b211

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Title

An Insight into the Sri Lankan Economic Crisis

Abstract

A default can seriously damage investors' confidence in a country, making it harder for it to borrow money on international markets and threatening the value of its currency. Sri Lanka owes $50bn (£40bn) to foreign creditors but says it cannot pay them. It is asking for a loan from the International Monetary Fund (IMF). Prime Minister Wickremesinghe has said the nation also urgently needs $75m (£60.8m) of foreign currency in the next few days to pay for essential imports such as fuel. For months, Sri Lanka has lacked the foreign currency to buy all that it needs from abroad. Shortages of food and fuel have caused prices to soar. Inflation is now running at 30%. There have been power cuts, and a lack of medicines has brought the health system to the verge of collapse. People started protesting out on the streets of the capital, Colombo, in early April and the protests have spread across the rest of the island.

Key Words

An Insight into the Sri Lankan Economic Crisis

Cite This Article

"An Insight into the Sri Lankan Economic Crisis", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 10, page no.b203-b211, October-2022, Available :http://www.jetir.org/papers/JETIR2210136.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"An Insight into the Sri Lankan Economic Crisis", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 10, page no. ppb203-b211, October-2022, Available at : http://www.jetir.org/papers/JETIR2210136.pdf

Publication Details

Published Paper ID: JETIR2210136
Registration ID: 502379
Published In: Volume 9 | Issue 10 | Year October-2022
DOI (Digital Object Identifier):
Page No: b203-b211
Country: -, -, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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