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Sri Lanka's economy has 'completely collapsed,' Prime Minister says

Sri Lanka's economy has 'completely collapsed,' Prime Minister says

CNN
Thursday, June 23, 2022 06:12:23 AM UTC

Sri Lanka's economy has "completely collapsed," Prime Minister Ranil Wickremesinghe said Wednesday, as the crisis-hit nation faces an increasingly dire situation that has left millions struggling with fuel, electricity and food shortages.

"Our economy has faced a complete collapse," Wickremesinghe told Sri Lanka's Parliament, adding the government was seeking help from its global partners and the International Monetary Fund (IMF) to stabilize the economy.

But Wickremesinghe warned the island nation of 22 million was "facing a far more serious situation" beyond the shortages.

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