Sri Lanka\u2019s economy has \u201ccompletely collapsed\u201d, leaving it unable to buy imported fuel, the country\u2019s prime minister has said.<\/p>\n
Speaking to his colleagues on Wednesday, Ranil Wickremesinghe said his nation is \u201cfacing a far more serious situation\u201d than the gas, electricity and food shortages it has experienced in recent months. \u201cOur economy has completely collapsed,\u201d he explained. <\/p>\n
Mr Wickremesinghe, who is also serving as the finance minister, admitted that the government had missed the opportunity to rectify the situation. \u201cWe are now seeing signs of a possible fall to rock bottom,\u201d he warned.<\/p>\n
The Sri Lankan prime minister also confirmed that his government was seeking financial assistance from countries including China, India, Japan and the US. <\/p>\n
\u201cWe need the support of India, Japan and China who have been historic allies. We plan to convene a donor conference with the involvement of these countries to find solutions for Sri Lanka\u2019s crisis,\u201d Mr Wickremesinghe said. <\/p>\n
\u201cWe will also seek help from the US,\u201d he added. <\/p>\n
More follows…<\/p>\n","protected":false},"excerpt":{"rendered":"
Sri Lanka\u2019s economy has \u201ccompletely collapsed\u201d, leaving it unable to buy imported fuel, the country\u2019s prime minister has said. Speaking to his colleagues on Wednesday, Ranil Wickremesinghe said his nation is \u201cfacing a far more serious situation\u201d than the gas, electricity and food shortages it has experienced in recent months. \u201cOur economy has completely collapsed,\u201d […]<\/p>\n","protected":false},"author":2,"featured_media":944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n