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Reuters
Reuters
Business
Uditha Jayasinghe

More pain in Sri Lanka before any resolution to crisis

Anti-government demonstrators hold placards as they shout slogans during a protest demanding the arrest of former Prime Minister Mahinda Rajapaksa, amid the country's economic crisis, in Colombo, Sri Lanka, May 17, 2022. REUTERS/Adnan Abidi

Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.

Most of Sri Lanka's petrol stations have run dry as the island nation battles its most devastating economic crisis since independence in 1948. At some pumps in the commercial capital, Colombo, dozens of people stood in lines holding plastic jerry cans, as troops in combat gear and armed with assault rifles patrolled the streets. Traffic was extremely light.

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