The Last Resorts' to Destroy the Democratic Socialist Republic of Sri Lanka

Abstract

In recent years, many countries have faced severe economic challenges due to the worldwide outbreak of the covid-19. In July 2022, Sri Lanka officially declared bankruptcy. Now, the declining tourism industry caused by the epidemic, unrealistic agricultural reform bills, severe debt crisis, and the failure of religious politics have directly affected the economic health and sustainability of the country. Every country must think about better solutions to overcome the economic crisis during the worldwide pandemic. This paper will use data analysis and logical reasoning to better explore the complex reasons behind the fact. Through research, this paper draws the following conclusions: Firstly, the bankruptcy of Sri Lanka is mainly related to the debt crisis, among which high inflation and civil war have declined the debt repayment ability. Secondly, the external situation and the wrong decision of the Sri Lankan government are the last straw for oppressing the country.