import of chemical fertilizers and letting farmers use organic fertilizers. This has resulted in widespread crop failures. Sri Lanka has to replenish its food reserves from abroad, which makes its foreign exchange even more scarce. The fertiliser ban lifted in clipping path service Sri Lanka in November 2021 also hurt tea and rubber production, leading to "potentially significant" export losses, an International Monetary Fund (IMF) report said in March. Since then, the Sri Lankan government has banned the import of a range of "non-essential items", from cars to certain types of food and even shoes. The government also
refused to allow Sri Lanka’s currency to depreciate against other currencies for exports, but a decision was finally made in March 2022, with the rupee falling more than 30 percent against the dollar. 3. How did the Sri Lankan authorities respond to the crisis? After protesters occupied his official residence, President Rajapaksa promised to step down and fled Sri Lanka on a military plane in the early hours of July 13, local time. Prime Minister was acting president in his absence. has declared a national state of emergency and imposed a curfew in the western province as he tries to stabilize the situation. But on Wednesday (July 13) hundreds of protesters stormed his
office demanding his resignation. Sri Lanka has a virtual power vacuum as the president fled the country at a time when a functioning government is needed to deal with the financial crisis. has said the government will print money to pay employees, but he warned that this could drive inflation and lead to further price increases. He also said state-owned SriLankan Airlines could be privatized. Sri Lanka has asked Russia and Qatar to supply it with oil at low prices to help reduce the cost of gasoline. 4. How much foreign debt does