logo
episode-header-image
Jul 2022
27m 1s

How Sri Lanka’s Economy Collapsed

The New York Times
About this episode

In recent days, the political crisis in Sri Lanka has reached a critical point, with its president fleeing the country and protesters occupying his residence and office. Today, “The Daily” explores how the island nation, whose economy was once held up as a success story in South Asia, came apart — and why it’s a cautionary tale.

Guest: Emily Schmall, a South Asia correspondent for The New York Times.

Want more from The Daily? For one big idea on the news each week from our team, subscribe to our newsletter

Background reading: 

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 

Up next
Today
A Consequential Supreme Court Term Begins With a Conversion Therapy Case
Warning: this episode contains mentions of suicide.In one of the first cases of the Supreme Court’s new term, the justices considered whether to strike down a ban on conversion therapy, the contentious practice that aims to change a young person’s sexual orientation.Ann E. Marimo ... Show More
30m 29s
Yesterday
Trump Claims ‘Rebellion’ in American Cities
Over the past week, ICE and border patrol agents have clashed with Chicago residents, and federal guard troops arriving in the city might inflame tensions further.Julie Bosman, Chicago bureau chief for The Times, and Mattathias Schwartz describe the situation on the ground and ex ... Show More
34m 31s
Oct 7
Marriage and Sex in the Age of Ozempic
In the last few years, GLP-1 weight-loss drugs like Ozempic and Zepbound have been radically reshaping the people’s lives, changing appetites and health.But the drugs also have the power to affect other parts of consumers’ lives, including their romantic relationships.Lisa Miller ... Show More
37m 17s
Recommended Episodes
Jul 2022
Sri Lanka: A country in chaos
Sri Lanka's President Gotabaya Rajapaksa has resigned as the country's president but he leaves behind a nation in utter turmoil. There are shortages of food, fuel, electricity and other basic supplies, and protests have been erupting across the country in what is the worst politi ... Show More
22m 35s
Jul 2022
Is Sri Lanka’s economic crisis a canary in the coal mine?
Sri Lanka is facing dire fuel and food shortages amid ongoing economic and political crises. In this week’s episode, the FT’s Antoni Slodkowski shares what he’s seen after a week of reporting in Sri Lanka. And then, emerging markets correspondent Jonathan Wheatley explains how th ... Show More
17m 28s
Jul 2022
Sri Lanka overthrew its president, what now?
Sri Lanka’s president just resigned after months of protest and a deepening economic crisis. Despite Rajapaksa’s departure and the celebratory scenes of demonstrators partying at the president’s home, the people of Sri Lanka have a massive debt hole to climb out of and people hav ... Show More
27m 52s
Jul 2022
Gota goes: Sri Lanka’s president resigns
Gotabaya Rajapaksa, Sri Lanka’s president, announced he will step down on Wednesday after protestors occupied Colombo, the country’s capital, over the weekend. Whoever succeeds him will inherit a host of thorny economic problems. Why Europe’s big tech firms are well placed to wea ... Show More
22m 9s
Jul 2022
Gota goes: Sri Lanka’s president resigns
Gotabaya Rajapaksa, Sri Lanka’s president, announced he will step down on Wednesday after protestors occupied Colombo, the country’s capital, over the weekend. Whoever succeeds him will inherit a host of thorny economic problems. Why Europe’s big tech firms are well placed to wea ... Show More
22m 9s
Apr 2022
Protesters, power cuts and Sri Lanka’s persistent president
Empty shelves, rising food and fuel costs along with power cuts are unifying much of Sri Lanka against its president, Gotabaya Rajapaksa. And now, the economic crisis may be even worse. Rajapaksa’s government is announcing the country is no longer able to repay billions in loans. ... Show More
22m 32s