I vaguely remember reading an article about Sri Lanka and it was written as to blame their President for trying to enact 'green ecological stupidity' for Sri Lanka's current round of woes.
I just finished reading an article from Strategy Page that says Chinese loans and an inability to pay them back caused their President to do the things that crippled their economy . . .
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http://www.strategypage.com/qnd/india/articles/20220726.aspx
With the end of the civil war in 2008 Gotabaya shifted his efforts as a government minister to urban development. At the same time Gotabaya and Mahinda were on bad terms with the West over allegations they had won the civil war via the use of murder, deception and corruption. This led Gotabaya to renounce his U.S. citizenship, run for president of Sri Lanka in 2019 and win. These accusations of criminal behavior led Gotabaya to develop good relations with the Chinese as his relations with India and the West declined. Once he was president, he sharply cut taxes so that much of the government budget had to be covered with loans. When all the debts came due, China would not bail him out. This may have been because ten percent of the national debt was owed to China.
In another effort to regain solvency he banned many imports. A 2021 order halting imports of fertilizer and insecticides for famers, who were told to switch to organic farming, failed. Gotabaya had brought his older brother Mahinda into government as his prime minister, along with several cousins in lesser posts. Most of these kin quit as Gotabaya’s decisions destroyed the economy. Mahinda remained, trying to convince Gotabaya to change direction. Gotabaya was the first Sri Lankan elected to office with no previous elected office experience.
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Entire article is at the link - for those interested. Zim.
Mad Poet Strikes Again.
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