Sri Lanka is bankrupt and the crisis could last until the end of 2023, Prime Minister Ranil Wickremesinghe told parliament last Tuesday. On The following day, Sri Lanka's prime minister resigned and a large number of officials flew out of the country, triggering unprecedented demonstrations in the country. On July 13th Sri Lanka declared a state of emergency, drawing global attention to the South Asian island nation.
Sri Lanka has not been a normal country for long. It was only in late 2009 that this tropical country of beautiful beaches emerged from a 26-year civil war and began to grow. After years of war, Sri Lanka's economic structure is not very reasonable. Tourism and agriculture, mainly for export, are the mainstay of the country's economy, while it relies on imports for food, fuel and other necessities. In addition, the government introduced tax cuts in 2019, which boosted popularity but caused fiscal revenue to shrink, and the country's economy is walking a tightrope.
Sri Lanka's foreign exchange reserves have been stretched by the sudden decline in tourism revenues and exports of agricultural products such as tea caused by the COVID-19 pandemic. By the end of 2020, Sri Lanka's central government owed 282.39 billion yuan, equivalent to the entire GDP of the country that year.
The appearance of the Conflict between Russia and Ukraine became the straw that broke the camel's back.
Not only did the war leave Sri Lanka with almost no. 1 and no. 3 tourist sources, but the country, which is heavily dependent on imports, suffered from inflation as prices of commodities such as crude oil and wheat soared.
Here's a product today, Military Trauma Bandage.
The Military Trauma Bandage, also known as the Israeli Bandage, is the perfect medical emergency care product. It is made up of strong, elastic bandages, thick, sterile, non-adhesive pads and plastic buckles. High elastic bandages are very stretchable and elastic, and the material of the bandage itself is very flexible, and even can be used as a rope in emergency conditions. In order to facilitate the medical staff to bandage when using, we designed a buckle on the outside of the bandage, in order to better secure the position of the bandage and prevent the bandage from dislocation. The buckle and bandage are simplified design, easy to use, easy to operate. A sterile pad on the inside of the bandage is used to insulate wounds and external contact, preventing bacterial growth and infection.
