India continues to assist Sri Lanka, which is suffering from a severe economic crisis. For the second time under the line of credit to deal with the fuel issue, India has provided diesel and petrol to Sri Lanka. From India, 36 thousand metric tonnes of petrol and 40 thousand metric tonnes of diesel arrived in Sri Lanka on Tuesday and Wednesday. Sri Lanka has already received 2.70 lakh metric tonnes of fuel from India.
India’s 1 billion Help ; Outrage against Rajapaksa Grows
India has also promised a USD 1 billion loan to help Sri Lanka’s economy recover. Meanwhile, the government of Gotabaya is continually confronted with public opposition. University professors in Sri Lanka demonstrated against the government on Wednesday.
People’s resentment of the Rajapakse government is growing in the midst of the country’s mounting economic crisis. Thousands of people have marched in the streets against the government. According to the protesters, the administration is cash-strapped because it has sold everything to China. People said that the Rajapaksa family must end destroying the country. Opposition parties have also expressed their displeasure with the government.
Worst Economic crisis since 1948
Since the beginning of the COVID pandemic, Sri Lanka’s economy has been steadily declining. As a result, more than 2 crore people are in need of food and medicine. This is the country’s worst economic crisis since 1948. The value of the Sri Lankan rupee has declined substantially against the dollar as the economy has deteriorated, and the country’s foreign debt has been steadily rising.
Timeline of Sri Lankan Crisis
Sri Lanka went through a major demonstration since Last week here is the timeline of the events :
- On April 1, the administration of Gotabaya declared a state of emergency in the country. There has been a lot of opposition against it since then.
- During the Emergency, Rajapaksa’s whole cabinet resigned on Sunday night.
- Sri Lanka’s embassies in Norway, Iraq, and Australia were briefly closed.
- On the 5th of April, President Gotabaya Rajapaksa lifted the Emergency.
- Demonstrations against China have erupted across the country, and they are still going on as of 7th April.
Hi there! I’m Akash. I was born and raised in Bengaluru, India. I am a freelance content writer and a blogger. I am currently a student studying at a prestigious law school in India. I am an avid reader and writer.