‘Save Sri Lanka’ launches online petition against govt. demanding int’l intervention

An online petition, initiated by ‘Save Sri Lanka,’ to be forwarded to the United Nations, International Monetary Fund and the World Bank, attributes Sri Lanka’s present plight to bad economic decision making, poor fiscal planning and management as well as rampant corruption by politicians and government officials.

As stated in the petition, for the first time in its history, Sri Lanka has failed to honour debt repayment and declared bankruptcy.

In response to this crisis, the Sri Lankan government is currently negotiating to restructure existing foreign loans and seek additional IMF loans to address the country’s deficit in foreign reserves. Sri Lanka is asking its expatriates and the rest of the world to help it weather this storm. It also wants to attract more foreign tourists. All measures are aimed at increasing Sri Lanka’s foreign reserve.

‘Save Sri Lanka’ launches online petition against govt. demanding int’l intervention – The Island

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