Sri Lanka is in an Economic Freefall

Sri Lanka is in the midst of an economic catastrophe.

The government is low on foreign exchange reserves and struggling to pay off its debts. The Sri Lankan rupee has plunged in value over the last several weeks. Inflation is soaring. Fuel is scarce, and there have been widespread blackouts in major parts of the country.

This sharp economic downturn is sparking a major political crisis for the government, long controlled by a single family. But now widespread protests are posing the most significant challenge to the Rajapaksa family's grip on power in decades.

My guest today, J.S. Tissainayagam, is a Sri Lankan journalist and human rights activist living in the US. He kicks off describing how this crisis is impacting the daily lives of people in Sri Lanka before we have a longer conversation about the roots of this economic crisis and is political implications.

Transcript available here

https://open.spotify.com/episode/10MCYXPCL6GWFZvdx7U1QU?si=f31757edadf24e2a

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