Sri lankan government is forced to sell government airlines

The situation in Sri Lanka remains turbulent. If measures are not taken soon, civil war can start in a country with a population of about 2.25 crores. Sri Lanka has failed to repay its debt. The people of Sri Lanka are in urgent need of food, fuel and fertiliser. For this the government needs 4 billion dollars. To avert the crisis, Prime Minister Ranil Wickremesinghe has announced the sale of Sri Lankan Airlines.

Experts say that Prime Minister Ranil Wickremesinghe has no other option but to avert the crisis by selling loss-making companies. There is only one day of petrol left in Sri Lanka. The government does not have the money to pay for the crude laden ships. Three ships carrying crude and furnace oil are standing off the coast of Sri Lanka. Selling its properties is not new for the Sri Lankan government. It has already sold some of its strategic assets to China.

Sri Lanka already has a debt of $3.5 billion to China. The government is demanding more time from China to repay this debt. Meanwhile, China has offered to give some new loans. But, the Sri Lankan government is expected to get big financial help from the International Monetary Fund (IMF). For the past several weeks, senior officials of the Sri Lankan government are in talks with the IMF. But, the final agreement has not been reached yet.

Till Sri Lanka does not get money for the import of essential things including food items, the protest of the common people is not going to end. Due to lack of availability of essential things, common people are continuously protesting against the government in Colombo. They are demanding the resignation of President Gotabaya Rajapaksa. They hold the government responsible for the current crisis.

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