The 2022 Sri Lankan protests begins amidst Sri Lanka's economic collapse.
2022 Sri Lankan protests
The 2022 Sri Lankan protests, commonly known as Aragalaya, were a series of mass protests that began in March 2022 against the government of Sri Lanka. The government was heavily criticized for mismanaging the Sri Lankan economy, which led to a subsequent economic crisis involving severe inflation, daily blackouts, and a shortage of fuel, domestic gas, and other essential goods. The protesters' main demand was the resignation of President Gotabaya Rajapaksa and key officials from the Rajapaksa family. Despite the involvement of several opposition parties, most protesters considered themselves to be apolitical, with many expressing discontent with the parliamentary opposition. Protesters chanted slogans such as "Go Home Gota", "Go Home Rajapaksas", and "Aragalayata Jaya Wewa". Most protests were organized by the general public, with youths playing a major part by carrying out protests at Galle Face Green.
Sri Lankan economic crisis (2019–2024)
The Sri Lankan economic crisis is an economic crisis in Sri Lanka that started in 2019. It is the country's worst economic crisis since its independence in 1948. It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. The crisis is said to have begun due to multiple compounding factors like tax cuts, money creation, a nationwide policy to shift to organic or biological farming, the 2019 Sri Lanka Easter bombings, and the impact of the COVID-19 pandemic in Sri Lanka. The subsequent economic hardships resulted in the 2022 Sri Lankan protests. Sri Lanka received a lifeline in the form of an Indian line of credit amounting to $4 billion. This substantial credit infusion served to cover the costs of importing essential goods and fuel. As a result, the foreign currency reserves of debt-ridden Sri Lanka experienced a notable improvement, reaching $2.69 billion.
March 15
March 15 is the 74th day of the year in the Gregorian calendar; 291 days remain until the end of the year.