Sri Lanka President Admits Wrong in Managing His Country’s Economy
Sri Lankan President Gotabaya Rajapaksa Monday, (18/4/2022) admits making mistakes that led to the crisis the countrys worst economy and pledged to fix it (Source: AP Photo/Eranga Jayawardena) Author : EDWIN SHRI BIMO | Editor : PURWANTO
COLOMBO, KOMPAS.TV Sri Lankan President Gotabaya Rajapaksa today Monday, (4/18/2022) admits to making mistakes that caused the crisis the countrys worst economy and promised to fix it, like Associated Press reports, Tuesday, (19/4/2022).
President Gotabaya Rajapaksa confesses his guilt that was when he spoke with the 17 ministers of the new Cabinet he show last Monday. Cabinet reshuffle he and his extended family do to resolve the political crisis as a result of the situation terrible economy in the country.
Sri Lanka is on the verge of bankruptcy, with nearly $7 billion The US of a total of 25 billion US dollars of foreign debt is due and to be paid this year.
A severe shortage of foreign exchange means the country is cash-strapped to buy imported goods.
Sri Lankans have been suffering from a shortage of basic necessities for months such as food, gas for cooking, fuel and medicine, and had to queue for hours to buy the necessities that were available very limited.
Over the last two and a half years we have faced great challenges. The Covid-19 pandemic, the burden of debt, and some mistakes on the part us, said Rajapaksa.
Those problems need to be fixed. We have to fix it and move forward. We need to regain the peoples trust.
fuel shortage Bajaj queues in Colombo, Wednesday (13/4/2022), caused by Sri Lankas economic crisis and put the country on the brink bankruptcy. (Source: AP Photo/Eranga Jayawardena) He said the government should approach the Monetary Fund International IMF from the start for assistance in dealing with crises future debt and should not prohibit the use of fertilizer chemicals in making Sri Lankan agriculture completely organic.
Critics say the ban on imported fertilizers is actually aimed at to prevent a decline in the countrys foreign exchange and harm farmers.
