Dear President and Respected Leaders of Sri Lanka,
As a friend and supporter deeply invested in Sri Lanka’s well-being, I write to you from India. While the country faces significant economic challenges, there is hope in fostering inclusive growth, reducing income disparity, and making essentials affordable for all Sri Lankans.
The Economic Situation and Its Impact on the Vulnerable
The economic downturn has had devastating consequences for Sri Lanka’s lower-income population. As of 2022, the poverty rate surged to 25%, with urban poverty rising to 15%, exacerbated by inflation that peaked at 69.8%.
Despite inflation easing to around 4% by mid-2023, the cost of living remains high, and income inequality has widened. Access to food, education, and healthcare has become increasingly difficult for the majority.