Lesson to learn from Sri Lanka crisis: Economist theSun theSundaily economy Malaysia lesson shortage essentials
Three-wheelers queue to buy petrol in Colombo. Sri Lankans are suffering from serious shortages of food, fuel and other essentials. REUTERSpixMalaysia should view the critical situation in Sri Lanka, where its people are suffering from serious shortages of food, fuel and other essentials, as a serious lesson rather than just news, as this could happen in any country where corruption is allowed to run rampant.
“They spent so much on the war which could have been saved for the people, including farmers and fishermen, and to provide basic necessities. Navaratnam suggested IMF provides guidance on rectification and rehabilitation not only to Sri Lanka, but also to other countries facing similar situations in regard to corruption and law enforcement.
Meanwhile, retired HELP University Assoc Prof and journalist Krishnamoorthy Muthaly said countries around the world should gather and donate funds to Sri Lanka’s government so that it would be able to recover from economic shock. “Countries should step up to help raise funds for Sri Lanka and send the money to its government. This will assist in its economic recovery and spur growth.
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