How the Current political instability has impacted the economy so far
• IMF funding stopped
Value – USD – 1.85 Bn
• USA 🇺🇸Funding Stopped
Value – USD – 490 Million
• Japan 🇯🇵Funding Stopped
Value – USD 1.4 Billion
• Investments taken out from the Sri Lankan Share market
Value – Rs . 30 Billion and counting
• The losses due to Deprecating Rupee against the Dollar
Value – Easily over Rs 100 Billion in just one month.
• Losses to the Tourism industry due to booking cancellations
Value – USD 50 Mn and counting in just 1 Month.
• High risk of loosing the GSP Concession
• High risk of EU sanction for Fish exports
• The UN human rights and the possible sanctions will come back in to action if the current situation continues
• Mass migration will happen at an unprecedented rate
• Sri Lanka 🇱🇰 hardly have a significant product or service that the world depends on, so any possible sanction would lead us to a situation similar to
Zimbabwe 🇿🇼 inflation 1 Million %
Venezuela 🇻🇪 inflation 1 Million %
From a fellow Sri Lankan!
God bless our mother land!