Wednesday, October 4, 2023

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S L’s economic crisis is drives people to flee the country in desperation

Sri Lanka is suffering the worst economic crisis in its history, with fuel shortages bringing the country to a standstill. Many are now convinced leaving is their only option.

Fuel crisis is expected to become more critical following the postponement of the cabinet meeting scheduled on Monday 11 as result of the peoples struggle forcing the President , Prime Minister and the cabinet to resign.

Cabinet paper seeking the approval to obtain US $ 128 million from the Capital market to pay for fuel shipments scheduled to arrive at the Colombo Port within the next few days is still to be approved as there was no cabinet meetings, Finance Ministry sources claimed.

Large numbers of people are applying for new passports or to renew their old ones to leave the country for greener pastures as there was no ending to the socio economic crisis .

sport issuance in the first half of the year has increased sharply by 289% to 437,382 from 109,789 in the same period last year, as a result of the ongoing economic crisis.

The race to migrate has seen a significant uptick of 221% to 122,491 passports being issued in the month of June — the highest outcome in any month during the first half of the year

As per Immigration and Emigration Department statistics, over 72,000 passports were issued monthly during the first six months of the year.

Sri lanka’s economic crisis is worsening and the daily lives of people living in the small island nation have been severely disrupted. Due to rising prices of essential items, as well as fuel and medicine shortages , many Sri Lankans were trying to leave the country.

With no signs of the crisis letting up, and no bailout from the IMF in sight, many Sri Lankan refugees are traveling illegally by boats to nearby countries like India and Australia in a desperate bid to escape the unfolding disaster.

Sri Lanka is running out of fuel and currently has very limited supplies.. Public transport has also been limited and bus ticket prices have risen exponentially.

The lack of transport options makes commuting and emergency situations increasingly difficult. There are few trishaw and cab drivers still on the roads, and the fares of those who remain have risen substantially.

Walking and cycling have become the preferred choice for many Sri Lankans. But bicycles have also become expensive, with their prices rising from around 10,000 rupees to up to as high as 80,000 rupees.

As the fuel crisis worsens, there is a possibility that the current restrictions will be extended as the peoples struggle for system change will continue creating political impasse, several economists said.

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