s the Sri Lankan government struggles to solve its sovereign debt crisis, social unrest and protests have swept the nation. With the economy crippled and essential imports hard to come by, thousands of Sri Lankans have taken to the streets to force change. While the government has made some progress in stabilising and reinstating fuel supplies, much more is needed to heal the wounds of this economic crisis. If you're interested in following the latest developments in this complex and troubled nation, read on!

What is happening in Sri Lanka?

Since the government announced plans to increase taxes by 50% on many items, including cigarettes and alcohol, there has been a protest movement in Sri Lanka. The protests are over the government's decision to increase taxes rather than listen to the people's concerns. The protesters are calling for the resignation of the Prime Minister, who they say is not listening to their concerns. 

Why is Sri Lanka's economy in crisis?

Since the economic crisis in Sri Lanka first began in January of this year, people have been protesting and demanding change. The problems are primarily the result of government spending on luxury items and foreign loans, which has put the country in debt. Jobs are scarce, and prices are rising, leading to increased anger and unrest. The situation is likely to worsen before it gets better.

Does the government have a plan to solve the crisis?

The economic crisis in Sri Lanka is only getting worse. The government has been struggling to devise a solution, and the protests are only getting bigger. So far, there have been protests throughout the country, with the most significant in Colombo. The government has tried to use force to stop the protests, but it seems to have had no effect. It's unclear how this crisis will be solved.

How much foreign debt must Sri Lanka repay?

The government of Sri Lanka has announced that it plans to repay $3 billion worth of foreign debt over the next two years. This comforted the economic crisis that has plagued the country in recent months, with numerous protests and riots ensuing. If this debt isn't repaid, it will increase tariffs on Sri Lankan products exported to China. Sri Lanka has a total foreign debt of $14 billion, of which $5.4 billion is owed to China. This is important to ensure debt sustainability.

Pakistan and Sri Lanka are towards their economic crash amid high inflation