Stabilise Sri Lanka

The world, including India, must step up

In a stark statement of the depth of his country’s distress, Sri Lanka Prime Minister Ranil Wickremesinghe has said that its economy has “completely collapsed”. He informed parliament the economy was facing a “far more serious situation beyond mere shortages of fuel, gas, electricity and food”. These shortages have in any case been intensifying for months and have made day-to-day life increasingly difficult for the islanders. The situation is rapidly approaching a major humanitarian crisis. Sri Lanka suspended payment on $12 billion of foreign debt last month and needs $6 billion in the next few months just to keep going