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The Independent UK
The Independent UK
National
Via AP news wire

EXPLAINER: What caused Sri Lanka's economic collapse?

Copyright 2022 The Associated Press. All rights reserved

The South Asian nation of Sri Lanka is experiencing an unprecedented economic collapse that has pushed the government into a deep crisis. The island is struggling to import basic necessities for its 22 million people because of diminishing foreign reserves and crippling debt, spurring weeks of anti-government protests that recently turned violent and led to the prime minister's resignation.

Much of the public ire has been directed at President Gotabaya Rajapaksa and his brother, former Prime Minister Mahinda Rajapaksa, who are blamed by critics for leading the country into the economic crisis.

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