Sri Lanka, the Island of serendipity, is in trouble. The economic crisis has deepened further. Now, ordinary people, whose lives have been deeply impacted, are protesting on the streets, challenging the government whose popularity is waning despite winning a big election victory in November 2019. The Rajapaksa family–which has five family members holding office (the President, the Prime Minister, the Speaker of Parliament and two Ministers)–is feeling the direct heat of public antagonism.
The Sri Lankan government, on its part, has clamped down on protestors by declaring a state of emergency. Never before has Sri Lanka, which has lived through terrible civil war for over a generation, suffered so much so quickly–particularly for reasons that can not easily be blamed on external powers.
The crisis in Sri Lanka is a self-inflicted wound; it’s the result of spectacular economic mismanagement and unchecked corruption. To get out of this situation, the island nation needs superb managerial skills, political acumen and international support. But why did Sri Lanka sleepwalk into this disaster? What caused this crisis?
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