Lessons we can learn from the Sri Lankan crisis

THE Sri Lankan economy has been badly ravaged. The country does not have enough foreign currency to import goods that they need. These include food, fertiliser and fuel. The country has inevitably sunk into social chaos and political instability.

Sri Lanka is an example of a country heavily dependent on imports to feed the people and fuel the economy. Many countries around the world depend on imports to survive. The difference is that some have enough cash to buy from the international market.