Sri Lanka Crisis / Vacant airport... a debt-ridden port, China's projects destroyed Sri Lanka like this

Zoom News : May 11, 2022, 06:51 AM
Hambantota (Sri Lanka). Airports are lying vacant in Sri Lanka. There are neither planes nor passengers here. There is no one to dine in such a revolving restaurant, the ports are deeply indebted. These are such monuments built on government expenditure, which have been built by taking loans from China. Due to these projects, Sri Lanka is facing an unprecedented economic crisis. In fact, Sri Lanka had borrowed heavily from China to meet the budget shortfall and trade deficit. It spent this amount on non-negotiable infrastructure projects, causing huge losses to public funds.

According to AFP, Sri Lanka is in the grip of its worst financial crisis ever. The people here are having to worry about even food. There has been a huge shortage of petrol-diesel, LPG. Inflation has increased a lot. The power crisis has also deepened. Disturbed by this, people are taking to the streets and demanding resignation from the government. The public has now become violent due to the opposition of the government and the resignation of the Prime Minister. Despite the resignation of the PM, the commotion has not calmed down.

Violence in several cities in Sri Lanka, 8 killed and hundreds injured

The then Prime Minister of Sri Lanka Mahinda Rajapaksa had to resign from his post. The public continued the demonstration demanding his immediate resignation. In the midst of this development, the protesters were attacked by supporters of Mahinda Rajapaksa and it turned into fierce violence. Due to this, there were incidents of violence in Colombo and many cities of the country, in which 8 people have been killed and hundreds of people have been injured. The government has imposed a nationwide curfew. Here, Chinese Ambassador Qi Zhenhong told reporters last month that China has helped Sri Lanka in the best possible way. China had tried its best that Sri Lanka should not default, but Sri Lanka went to the IMF and it defaulted. This is the biggest sad thing.

SUBSCRIBE TO OUR NEWSLETTER