Sri Lanka's Economic Crisis: The Whole Story

The country of Sri Lanka is experiencing its worst-ever economic crisis since independence – there’s shortage of fuel, essential food items and drugs leading hundreds of people to take to the streets demanding the president and the prime minister to step down. What caused the crisis and how did the country get here? This is the whole story. 0:00- Introduction 0:25- Fuel shortage sparks protests 0:45- School exams cancelled due to paper shortage 1:03- Sri Lanka runs out of diesel triggering blackouts Prices of essentials go up 1:36- Medical professionals take to the street to protest shortage of drugs 2:22- Lack of foreign currency hits imports 2:49- 26 cabinet ministers resign, govt says president ‘won’t step down’ 3:36- Mounting debt, economic mismanagement by successive governments 5:16- Plummeting foreign reserves 5:46- Drop in tourism & FDI 6:20- India extends $1 billion credit line to Sri Lanka 6:46- Sri Lanka says will need $3 billion external assistance 7:05- Sri Lanka to seek assistance from banks, bilateral partners 7:35- Sri Lanka appoints advisory panel to help resolve debt crisis Check out more interviews by Faye D’Souza: https://bit.ly/3fDyUeF​ More Videos by Faye D’Souza: Live with Faye at 8:00​PM: https://bit.ly/37ji1Ci​ Explainers: https://bit.ly/33oyMKS​ 6:30PM Live Stream: Amitha Balachandra: https://bit.ly/2V9b9Sc​ Best of Faye D’Souza: https://bit.ly/36c9W2Y​ ► Follow us on Instagram: https://bit.ly/3eUXB5y​ ► Like us on Facebook: https://bit.ly/2VHVZEk​ ► Follow us on Twitter: https://bit.ly/3aDIWZ7​ #Explained #explainer #SriLankaCrisis #SriLanka #Economy #economiccrisis