The Economic Crisis in Sri Lanka: What Led to Bankruptcy?

Abstract

Sri Lanka is facing a severe economic crisis which has rendered its government unable to provide the country with basic supplies such as fuel, medicine, milk, or power. Sri Lankans have been protesting the inconsiderate policies of the previous government leaders, the Rajapaksa brothers. The new government has sought assistance from other countries (India and China) and the International Monetary Fund in the form of loans to provide its people with basic supplies. This case analyzes the reasons behind Sri Lanka’s economic crisis and asks students to explore the impact of the situation on the people of Sri Lanka and the neighboring countries.