(Colombo Composite) Sri Lanka Prime Minister Victormaxinha said Sri Lanka has gone bankrupt and this unprecedented economic crisis will last at least until the end of 2023.
Victormaxinha told Congress on Tuesday (July 5) that the country will fall into a deep decline this year, and the serious shortage of food, fuel and medicine will continue to exist."We will face many difficulties in 2023. This is the reality we face."
He said that the rescue negotiations of Sri Lanka and the International Monetary Fund (IMF) depended on the debt restructuring plan with the creditor's party before August."Because the country is in a state of bankruptcy, we must submit another sustainable debt repay plan to them. Only when (IMF) is satisfied with the plan, we can reach an agreement."
He said that the inflation rate is expected to rise to 60 %, and the government's goal is to stop printing rupees to curb inflation.
IMF said last week that before reaching a financing arrangement agreement, Sri Lanka needs to do more jobs to balance the national fiscal deficit of the country and ease out of control.
Sri Lanka has a population of about 22 million. At present, there are almost no gasoline in the country. The government has closed unnecessary public services to save fuel.
According to the British Broadcasting Corporation, the United Nations Children's Foundation pointed out that Sri Lanka is on the verge of humanitarian crisis.Since the beginning of this year, 70 % of local households have no successive meals, and the inventory of fuel and basic medical products has been quickly exhausted.In June alone, Sri Lanka's food prices soared by 80 %.
A community kitchen estimation for the poor to provide food for the poor, from 50 people who received free food from 50 people to 250 people today.
The President of the Sri Lanka Nutrition Association, Jaytisa, said that the number of children with severe malnutrition in the local area is currently 35,000, but it may be doubled.
The United Nations Children's Foundation at Sri Lanka's representative Scoig said that the general family of Sri Lanka has fallen into poverty."They reduce meals and nutrition foods. Therefore, there will definitely be malnutrition problems."
