SRI LANKA SAP : STUDENTS PRECIS

COLOMBO : Sri Lanka is struggling to prevent a repeat of its spectacular economic collapse four years ago, as the prolonged Middle East war compounds the fallout from a deadly cyclone in November.

President Anura Kumara Dissanayake has rationed fuel, raised its price by a third and increased electricity costs by up to 40 percent since the war began disrupting global energy supplies.

Panic buying fuel in Sri Lanka has brought back memories of 2022, when their economy tanked, with inflation hitting 70pc after Colombia defaulted on its $46 billion external debt.

The World Students Society thanks AFP.