The Intelligence from The Economist Gota the trouble: Sri Lanka’s crises
Apr 8, 2022
Lena Schipper, a South Asia expert for The Economist, delves into Sri Lanka’s turmoil under President Gotabaya Rajapaksa, known as Gota. She explores the dire economic crisis fueling widespread protests demanding his resignation. The conversation juxtaposes these protests with life in Kherson, Ukraine, where residents bravely navigate the challenges of foreign occupation. The podcast also tantalizes listeners with a discussion on awamori, a unique Japanese spirit, highlighting efforts to revitalize this cultural beverage amidst modern trends.
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Declining Support for Rajapaksa
- Gotabaya Rajapaksa's popularity is declining due to Sri Lanka's economic freefall.
- Public anger over rising costs and shortages has led to widespread protests.
Causes of Sri Lanka's Economic Crisis
- Sri Lanka's economic crisis is a result of long-term imbalances, external shocks, and government mismanagement.
- These factors include heavy borrowing, tax cuts, the pandemic's impact on tourism, and the war in Ukraine.
Government Response to Protests
- Rajapaksa's attempts to suppress protests through emergency measures and social media bans backfired.
- The resulting political instability led to cabinet resignations and the withdrawal of coalition partners.