Sri Lanka’s President Gotabaya Rajapaksa says he will resign on Wednesday but speculation is rife that he and members of the Rajapaksa family are trying to flee the country.
But Sri Lankan citizens are focused on surviving the current economic crisis and fuel shortage.
The nation’s central bank chief has said restoring political stability without delay is key to economic recovery.
Al Jazeera’s Minelle Fernandez reports from Colombo.
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#News #SriLanka #GotabayaRajapaksa #Rajapaksa #Crisis #Fuel
Time to convert to low cost EV conversions
how?
Can Russia and China help???
No country nor banks would be willing to lend money to a country with no prospect of repaying it. Why pour more money on a financial abyss, like Argentina?
@Mohammed Kumar : 🙂 To be fair, China is not the main cause. SL government was mostly at fault for a combo of things too.
@Pohana Hawaii 10 most vulnerable countries to economy collapse all joint bri, what a coincidence
Russia could’ve helped if that USA weren’t there. And do you think they will like china again😂
If Iran was not so sanctioned, they could’ve got oil from Iran and natural gas from Turkmenistan.
@Mohammed Kumar what’s wrong with protecting your country, didn’t India and Pakistan made them.
@Hamid how do the rest of the world protect their country without nukes, the Iranian should take care of their economy
@Mohammed Kumar what is up with your name, I think nanga Kumar would be better, or ganja Kumar, tata Kumar. Guessing you are from India, you guys should worry about your slum and toilet problems. Your population is growing 10 time she speed of your economy, so your economy is still average because 1.3bn people.
@Hamid I’m American, again, use your money on food rather than on the nukes.
First of all. Capture the rogue Gota and jail him!
Trademarks bloodspill. Eyesight and location.
LOL That tune. Being in Germany reminds me off that sound all the way through spent my time in India.
My condolences to the millions of Sri Lankans who lost their sea ports, dignity and a government
and now become *debt trap victims* of the Chinese🇨🇳 regime.
– In particular, Sri Lankan couldn’t repay their high interest debt of the Chinese “BRI project”, China took their Hambantota sea port for 99 years and blocked the nation’s imports of necessities.
Thats one reason my country has relations with Taiwan over mainland China.
They support hk security law, karma
*Facts* about Chinese 🇨🇳 debt-trap loans to Sri Lanka 🇱🇰:
– China was never transparent a about its BRI loans.
– third highest, 10%, of Sri Lanka foreign debts of $51 billion,
– Chinese annual interest is at 3.3%, *5 times* of Japanese loans.
– Among all loans, Chinese loans must be *paid first.*
– The loans must have *collateral* such as mines, sea ports, etc.
– Most BRI projects China developed are useless, but may be useful for *Chinese military.*
– Chinese workers, mostly *men unable to marry* in China, are transported into Sri Lanka for BRI projects.
– China took the Hambantota sea port for *99 years* amid Sri Lanka unable to pay.
– unable to pay, Sri Lanka asked lenders for renegotiation. All responded, *except China.*
– When Sri Lanka tried to import necessities, China *blocked* because of unpaid debts.
One belt one road to debt trap
“Most BRI projects are useless”. Pardon me but wasn’t it the borrower’s (Sri Lanka) decision what project to fund with the BRI loans, not the lender’s (China). If Sri Lanka screwed in their choice of project, how would that become the lender’s fault? Just like getting a loan from a bank to finance your house, if the lender couldn’t pay, then the bank gets to posses your house. That’s standard business every where.
🕵 China is a very shrewd businessman and rarely does anything for free. Unfortunately, Sri Lanka is like an addict with bad credit yet no control over its spending. China, unlike Japan or IMF, is just the unscrupulous loan shark providing the loans.
does anyone believe this bullishit? He hasn’t cited a single source
Sri Lankans now must cancel all debts leases with China🇨🇳,
– and order all Chinese men to go home.
Thanks to US oil sanction the whole world is suffering. Their foolish act of using trade as a weapon of war has now cause untold billions of lost must be accounted for. On another front, Russia UN resolution on Syria was successfully adopted by its members that included China.
Solar and wind generators why y’all didn’t apply I’ll been watching the commercials for all us owned and USA they been doing solar programs don’t make sense leadership
here e xplains how they can manipulate weather
Most Belt & Road Initiative Projects are successful, only Sri Lanka failed.
Inshamuhammad Hindustan convert to pearly Islam or else 🤨
You are wrong
Gota fled the country and is now in thee Maldives
Yet Biden fulfills family receipt of millions by sending American strategic reserves to China.
this will be Europe pretty soon if they dont secure a new oil source