Rickshaw taxi operator Samantha Ajith was fuming as he waited in a 2km queue for petrol in Colombo — now a common sight in Sri Lanka’s biggest city, with motorists waiting for hours or even days.
“The incompetence of the government has caused big problems for us . . . They must leave and let someone else take over,” Ajith said. “They do not know how to manage the economy.”
Policy missteps by President Gotabaya Rajapaksa’s government, compounded by shocks caused by Covid-19 and the Ukraine war, have sparked the country’s worst economic crisis in decades and added to concerns about impending emerging market collapses. “This has been a train wreck in slow motion,” said one investor who holds Sri Lankan debt.
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