Is Sri Lanka’s economic crisis a canary in the coal mine?

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4 • 350 Ratings

🗓️ 27 July 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Sri Lanka is facing dire fuel and food shortages amid ongoing economic and political crises. In this week’s episode, the FT’s Antoni Slodkowski shares what he’s seen after a week of reporting in Sri Lanka. And then, emerging markets correspondent Jonathan Wheatley explains how the crises in Sri Lanka may impact the rest of the world.

Clips courtesy of Voice of America

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For further reading:

No food, no fuel and no jobs: the economic catastrophe engulfing Sri Lanka

What Sri Lanka reveals about the risks in emerging markets

China reckons with its first overseas debt crisis

Debt sell-off intensifies strains for more than a dozen emerging markets

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On Twitter, follow Jonathan Wheatley (@Jonthn_Wheatley), Antoni Slodkowski (@slodek) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

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Transcript

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0:31.7	Earlier this month, F.T. reporter Antoni Sludkowski arrived in Sri Lanka.
0:37.4	This wasn't long after the videos you might have seen on social media emerged, showing swarms
0:42.4	of people taking over the presidential palace in the
0:45.1	city Colombo.
0:46.7	Videos of people hanging out in palace bedrooms. And swimming in the outdoor pool.
0:55.0	in the outdoor pool.
0:57.0	Basically, these are images of a revolution essentially of that takeover of the government
1:05.7	and that prompted the former president Guttabaya Raja Paksa to hop on a plane in the middle of the night and fleet.
1:16.0	That's Antony.
	...

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