Youth Will Pay the Cost of Global Inaction on Sri Lanka’s Crisis

Sri Lankans hold up their mobile phone torches during a vigil outside the president’s office to condemn police shootings of protesters, Colombo, Sri Lanka, April 19, 2022 (AP photo by Eranga Jayawardena).
Sri Lankans hold up their mobile phone torches during a vigil outside the president’s office to condemn police shootings of protesters, Colombo, Sri Lanka, April 19, 2022 (AP photo by Eranga Jayawardena).
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The ongoing economic and political crisis in Sri Lanka demonstrates more than ever that geopolitical rivalry fosters myopic decision-making, and that peace is a prerequisite for intergenerational justice. Sri Lanka is facing an unprecedented emergency. Decades of financial mismanagement by governments dominated by the family of President Gotabaya Rajapaksa, combined with the effects of the COVID-19 pandemic and the  Russia-Ukraine war, have now left the country on the brink of economic collapse. For the first time since independence in 1948, Sri Lanka’s government announced that it will be defaulting on all $51 billion of its sovereign debt, as it seeks an urgent bailout […]

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