Economic crisis deepens in SL, no money to buy paper

The neighbouring country Sri Lanka is currently facing a huge economic crisis. Let everyone know that there is no dollar to buy paper in the country. Not only this, the exams of lakhs of students in the country have been cancelled due to not being able to buy the paper. It can no longer be said here that how long will the exam take?. On the other hand, officials say that the country does not have dollars to order papers from outside.

At the same time, education officials say that the term exam for school students was going to be held from Monday, but due to the acute shortage of paper in the country, the exam has been postponed indefinitely. Let us tell you all that Sri Lanka is going through its worst economic crisis since independence in the year 1948. The Education Department of the Western Province here says, due to the lack of foreign exchange in the country, the paper and ink could not be sourced from outside due to which no school will be able to conduct the principal examination. At the same time, it is also being said that two-thirds of the students of the country will be affected by this move of the government. Let me tell you all that at this time Sri Lanka is under heavy foreign debt.

Yes, and most of all, he has borrowed from China. It is being said that the cash crisis of about $22 million is immediately before the country and in such a situation, the government announced that it will seek a bailout package from the IMF to resolve its worsening foreign debt crisis and increase its foreign currency reserves. At the same time, the IMF has assured to discuss the request of President Gotabaya Rajapaksa.