July 14, 2022

The Roots of Sri Lanka’s Economic Crisis

by The Journal.

Background show artwork for The Journal.

Sri Lanka’s escalating political and economic crises came to a head this week when President Gotabaya Rajapaksa fled the country and submitted his resignation. WSJ’s Philip Wen describes the roots of the crisis -- and what pushed this highly indebted nation over the edge, into rolling blackouts and shortages of food, fuel and medicine.

Further reading:

-Sri Lanka’s Debt Crisis Tests China’s Role as Financier to Poor Countries 

-Sri Lanka’s President Resigns Over Email After Fleeing Country 

Where to Listen