Sri Lanka’s misery should serve as a warning to the rest of the world in dealing with the global food and fuel crisis, the United Nations said on July 7.
The cash-strapped country declared bankruptcy on Tuesday after months of severe fuel and food crisis. Sri Lanka has run out of gasoline, while millions of its people are in need of life-saving aid.
The U.N. Development Programme (UNDP) said that other countries already burdened by the economic fallout of COVID-19 could face a similar situation as Sri Lanka, as the Russia–Ukraine war continues.
This is unless the international community agrees to take radical financial measures to help debt-ridden countries, the UNDP said in a statement….