{"id":62682,"date":"2022-05-18T12:27:22","date_gmt":"2022-05-18T17:27:22","guid":{"rendered":"https:\/\/olduvai.ca\/?p=62682"},"modified":"2022-05-18T12:27:22","modified_gmt":"2022-05-18T17:27:22","slug":"crisis-hit-sri-lanka-defaults-on-debt-as-it-runs-out-of-fuel","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=62682","title":{"rendered":"Crisis-Hit Sri Lanka Defaults On Debt As It Runs Out Of Fuel"},"content":{"rendered":"
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Crisis-Hit Sri Lanka Defaults On Debt As It Runs Out Of Fuel<\/a><\/h3>\n<\/header>\n
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There’s no money to buy petrol<\/strong>, the crisis-hit Sri Lankan government said Wednesday as it urged citizens to\u00a0“not to wait in line” for fuel<\/strong>, and following violent protests in the streets, which started in early April in the capital of Colombo and quickly spread across the country due to soaring prices amid food and other essential resource shortages like medicine.<\/p>\n

On Tuesday the new prime minister,\u00a0Ranil Wickremesinghe, declared in a television address that Sri Lanka was down to it’s\u00a0“last day of petrol”\u00a0<\/strong>amid the most severe crisis in over seven decades. He said the country would\u00a0need an immediate bail-out of at least $75 million of foreign currency just to cover the next few days of essential imports.<\/p>\n

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Hundreds of petrol stations have seen miles of vehicles backed up, desperate for gas, file image.<\/em><\/figcaption><\/figure>\n
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