OMFIF's director of research, Nikhil Sanghani, live on BBC World Business Report yesterday discussing the economic situation in Sri Lanka.
Helpful insight from Nikhil Sanghani from the OMFIF looking at what comes next for Sri Lanka on BBC World's World Business Report. After the Sri Lankan President Gotabaya Rajapaksa fled the country, mass protests took to the streets over the island's economic crisis. The country's air force confirmed the 73-year-old flew to the Maldives with his wife and two security officials in the early hours of Wednesday morning. In his absence, he has appointed Prime Minister Ranil Wickremesinghe as acting president. Sri Lanka is now under a state of emergency and a curfew has been imposed in the western province, Sri Lankans blame President Rajapaksa's administration for their worst economic crisis in decades. For months they have been struggling with daily power cuts and shortages of basics like fuel, food and medicines. With thanks to James Fitzgerald for organising. #security #food #power #administration #srilankaeconomiccrisis