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Post by Admin on Jan 11, 2023 17:40:46 GMT
Sri Lanka's Uprising: Has it made any difference to life in the country? - BBC Newsnight
BBC News 1,196 views Jan 12, 2023 6 months ago, amid an unprecedented economic disaster in the country, Sri Lankan crowds sensationally stormed the presidential palace and its widely reviled leader Gotabaya Rajapaksa fled.
Have the lives of ordinary Sri Lankans improved since the revolution? Despite some improvements in urban areas as a result of greater political stability and an agreement in principle with the IMF on a national bailout, Newsnight finds that there remains intense economic suffering in the country.
Food insecurity is affecting a fifth of the population and the poverty rate has doubled.
Economics editor Ben Chu speaks to fishermen who say they sometimes do not go to sea because fuel prices are too high, and to tea farmers reeling from a collapse in agriculture due to a 2021 ban on fertiliser imports as well as rocketing fuel bills pushed up by the Ukraine war.
Produced by Scarlett Barter and filmed by Jack Garland.
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Post by Admin on Jan 12, 2023 21:16:36 GMT
Last year, Sri Lanka declared bankruptcy and reached an agreement in principle with the IMF that was supposed to be finalised by the end of 2022.
The $3 billion bailout has been delayed and Sri Lanka's major creditors, China and India, have to agree to write down the debts before any money is released.
Sri Lanka is seemingly trapped between two superpowers with neither one wanting to blink first.
Economics Editor Ben Chu examines how India and China are vying for influence in Sri Lanka from the island nation's politics to its infrastructure.
This film was produced by Scarlett Barter and Zaufaran Mohamed and filmed by Jack Garland.
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