How Sri Lanka’s Economy Collapsed

The Daily

The New York Times

News, Daily News

4.5 • 97.8K Ratings

🗓️ 14 July 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

In recent days, the political crisis in Sri Lanka has reached a critical point, with its president fleeing the country and protesters occupying his residence and office. Today, “The Daily” explores how the island nation, whose economy was once held up as a success story in South Asia, came apart — and why it’s a cautionary tale. Guest: Emily Schmall, a South Asia correspondent for The New York Times.

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0:30.1	From the New York Times, I'm Sabrina Tavernice.
0:35.1	This is The Daily.
0:44.1	In recent days, an uprising in Sri Lanka has reached a critical point with its president
0:49.6	fleeing the country and thousands of protesters occupying his palace.
0:54.8	Today, my colleague Emily Schmal on how the island nation whose economy was the envy
1:01.1	of South Asia came apart and why it's a cautionary tale for the developing world.
1:16.8	This Thursday, July 14th.
1:26.3	So Emily, you're in Sri Lanka and we've seen these pretty crazy images of crowds of protesters
1:31.8	over the past couple of days.
1:34.2	Tell me what happened.
1:35.4	Well, for months in the capital, Colombo, and elsewhere around the island, people have
1:40.8	been protesting, demanding that the president and the Prime Minister step down because of
	...

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