How Lanka got itself into a crisis. Is there a way out? Bisbo
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- เผยแพร่เมื่อ 14 เม.ย. 2022
- Sri Lanka in recent years has been going from crisis to crisis. Sometimes it's the tsunami, then the Easter bombing and then covid, which brought down tourist arrivals to just a trickle. But were they enough to bring Lanka down? Have a look at the video as Bisbo details a brief history of Lanka's financial crisis.
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#srilanka #lankaneconomiccrisis #lankandefault
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Sources
AFP
Sri Lanka cancels school exams over paper shortage; March 20, 2022
Devpolicy Blog from the Development Policy Centre
Paradise squandered - what really happened to Sri Lanka’s economy; Yolani Fernando; March 31, 2022
SF Daily
Then and now: Hambantota International Port; Maya Majueran K; Aug 2, 2021
Avalra
Sri Lanka cuts VAT from 15% to 8%; Richard Asquith; Nov 28, 2019
Reuters
Sri Lanka boosts FX reserves with lift from Chinese swap; December 29, 2021.
Sri Lanka paddy crop slated to drop after chemical fertilizer ban; November 10, 2021.
Explainer-Sri Lanka on the Edge as Debt Burden Mounts; January 17, 2022.
Down to Earth
India has the highest number of organic farmers globally, but most of them are struggling; August 2, 2018.
WION
Tea-for-oil': Sri Lanka plans to use tea to repay Iran for a $251 million oil debt; December 23, 2021.
Colombo Page
Sri Lanka’s trade deficit narrows in November 2021 with above US$ 1.0 billion of export earnings; Jan 25, 2022
The Hindu
India extends another $500 million LoC to Sri Lanka for emergency fuel import; January 19, 2022.
India Today
Sri Lankan economic crisis explained in five charts; Samrat Sharma; April 4, 2022
ABP Live
India Extends $900 Million Aid To Help Sri Lanka Tide Over Its Economic Crisis; January 14, 2022
Talking Economics
Bridging the gap: Unlocking untapped potential in Sri Lankan agricultural exports; Nimesha Dissanayaka; Apr 5, 2021
The New York Times
How China Got Sri Lanka to Cough Up a Port; June 25, 2018.
The Times of India
Covid-19: Sri Lanka lifts 6-week virus lockdown amid economic worries; October 1, 2021.
UK, Canada issue advisories for Lanka amid forex crisis; March 15, 2022.
Sri Lanka economic crisis forces people to flee to TN; March 23, 2022.
16 refugees land in Tamil Nadu as economic crisis squeezes Srilanka.; March 23, 2022.
Go Gota Go: Students take frontline in Lanka protests; April 6, 2022.
The Economic Times
Economic Crisis in Sri Lanka Sends Global Demand for Indian Textiles & Teas Soaring; April 7, 2022.
Forbes
The Story Behind The World's Emptiest International Airport; May 28, 2016.
Al Jazeera
Sri Lanka to pay $200m compensation for failed organic farm drive; January 26, 2022.
Ship Technology
The story of Hambantota Port: a flunking token of political corruption; September 18, 2018.
One India
China Exim lends Sri Lanka $ 307 mln to build port; October 18, 2007.
NEWSWIRE
4 hour power cut ? : CEB Engineers’ Union gives update; January 16, 2022.
www.youtube.com/watch?v=KMjd4...
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Wow! Our speaker looks real in this video.
Thank you for presenting this video unbiased!🙂
- From Sri Lanka 🇱🇰
Thanks Sandev
Sir sant Baba Jarnail singh ji par video banaye please sir sikh kom de hero he o
@@gurusingh2975 Khalistani the wo
@@akshatjain6704 no he wasnt
he never demanded for a separate nation
he did said that if india wants to give us a state we will take it and not commit the mistake we committed in 1947
bhai zara online history chod kar logo se pooch
if, according to u, sant ji was a terrorist then i guess u lack knowledge
sant ji was fighting for punjab not for sikhs
he was not demanding a separate state but after the operation blue star, the people started believing that a separate state is must
according to subramanian swami, (the person who interviewed sant jarnail singh ji before the operation)Sant ji was not a terrorist but a sant indeed
according to bal thakrey also he was a saint indeed
now answer my questions
in The 1978 Sikh-Nirankari clash occurred between the Sant Nirankari Mission and traditional Sikhs on 13 April 1978 at Amritsar, Punjab, India. Sixteen people-thirteen traditional Sikhs and three Nirankari followers-were killed in the ensuing violence, occurring when some Akhand Kirtani Jatha and Damdami Taksal members led by Fauja Singh protested against and tried to stop a convention of Sant Nirankari Mission followers. This incident is considered to be a starting point in the events leading to Operation Blue Star and the 1980s insurgency in Punjab.
sant ji demanded justice for the sikhs killed in the clash which ranged around killing of over 30 sikhs out of 200
this was the reason of insurgency in punjab (basically it was the start)
now tell me who started it by provoking a peaceful protest?
also there is a belief that sant ji killed hindus in punjab
if he actually wanted to kill hindus, why would he save the daughter from a hindu from the thugs in jalalabad?
@@ishpreetsingh9605
We don't need your gyaan. A Khalistani is a Khalistani
The most important things we learn from this are :
1. Freebies politics is worst.
2. Never give power to families.
3. Also make a diversified economy
4. Don't take too much debt
@@nirajsahu6684 Yup agree.
5. Also politician's and his families should never be allowed to run businesses.
6. Party funds must be publicly available on the election commission website.
7. Death penality for corruption/adulteration to all government servants (irrespective of grades and departments). Seems harsh but :)
I don't think humans can ever govern the people.
Our best bet might possibly be AI.
U remind me of AAP party...
Truth but people wont understand..
Situation in Sri Lanka is miserable. All thanks to Rajapaksa family's poor implementation of policies.
True, sad state of affairs
@@BisboWorld Even Andhra Pradesh same story..
Pls do a video on it as well..
* poor policies not poor implementation
It's not just rajapaska every ruler there implemented extreme socialist policies like Free Education, Health and Food to win elections without generating revenue and relying on Tourism and few other imports. Our election commission of India must ban free bies for political parties to promise except food(which India has surplus)
@Mother Earth you can give "free education" to everyone with corruption by achieving new lows for what we call a standard of education.
Mid day meal scheme is one such examples. Who will eat food with snakes in it?
This is what S Jaishankar was referring to. When he said countries should look at what they are getting into.
They are building ports where no ship drops anchor, airports where no planes land.
Im from Sri Lanka , every one in Sri lanka should watch this !
Brother, is the situation very bad as shown in the media??
@@riyak9102 politicians have done the worst for Sri Lanka. We will protest peacefully against them until justice is done, even if it is the most important day for us. th-cam.com/video/Go4_pcg0e1Q/w-d-xo.html
@@riyak9102 its going from bad to worse 💔😵
After rajapakshas quit we will bounce back.. Rajapakshas habe stolen 20 billion dollars of money so we will take it back.. 🇱🇰🇱🇰
@@riyak9102 yea it is unfortunately
Big salute should be given to late Narasimha Rao and Manmohan Singh saving India from brink of disaster due to economic crisis. Another kudos should be given Shiv Shankar Menon saving India billions of dollars.
@Nick true these people support parties like zombies. All of them are corrupt. But my blood boils on the AAP which claims to be made Genius by them and their supporters. They are doing even worse to show they are good.
I found your channel just 2days ago and since then I'm binge watching all your old videos. Keep up the good work. Cheerio!
Welcome aboard Sneha!
This is one of the channel give you goosebumps, as I’m following this channel since 2years +
Small mistake at 11:44. India didn't send 40 tons of gold to Switzerland. It sent 20 tons to Switzerland and 47 tons to UK.
Fhir bhi UMKC
When will we get that back? Buy the gold!!!!
It was collateral dumbo
@@lollmaowow2968 We bought back the gold more than 2 decades ago.
@@AndrewTateofficialTopG Bhai they were tough times 😂😂😂. Unki MKC krke kya hoga 😂😂😂
After they killed so many Tamils it’s karma I hope for a new government change for my homeland 🇨🇦 🇱🇰 🐅
Imagine being such a fool.
The war was not one sided, LTTE is a terrorist organisation, plain and simple.
Cooperation is the key, not separation and ethno-nationalism.
Both tamils, sinhalese and even indians need to learn from singapore is cooperation is the key.
தமிழர்களின் தாகம் தமிழீழத் தாயகம் ❤️🐅
Following you guys from 10_20k
This by far the earliest you have made a video on a current topic🙃
Hahaha, thanks, looks like we are getting our act together!
Wow, your comment made me recheck their subscribers. Bisbo has grown, Yay!
Srilanka stay 💪.......bad time never lasts for long .......all the best 👊
@Lone soul wisdom of India is diverse. Plus with current government India would not fall to such pathetic state.
The most unbiased way of telling the facts and what needs to be done. Even after watching the same content from many sources I always find Bisbo's coverage the best of all. I just want to make a small suggestion, I think you should post more videos of this sort and I don't know what is stopping you in doing that but you should just give it a shot. Thanks 🙏
Just be consistent and the channel will boom
Your surname and Sinhalese have the same substring sinha.
If this freebie ploitics continues in India then we are also going to face what sri lanka is facing today!
As a Sri Lankan I agree with this🙂
bisbo explains it in such a way that even 10 year old can understand it
Really? The drawings and odd voice made it make less sense to me. I just opened up a new tab and read what’s going on to understand this? I don’t know if you live there, but if you do, good luck
Thanks Arjun
Indians should take note.
This video is a very important case study with respect to statecraft, diplomacy, economics and geopolitics.
Thank you so much Bisbo, you're very cool.
Indians have already taken note. That's why bjp is coming in power. But now we see many regional parties issuing freebies to get vote and destroying institution with debts.
@@Drxyz-tk6le know the difference between freebies and welfare.
Scientific Welfare schemes aimed at middle class and to alleviate poverty only boosts the economy.
India doesn't have very robust public education. That's the welfare we need.
@@Drxyz-tk6le ..do u have any idea how yogi adityanath floated freebies before up election , he have exceeded all other political parties in this matter .
watching this video on hanuman jayanti. may lord hanuman save our tropical neighbour from this grim financial crisis. 🙏🏻
Hey Bisbo Thanks for the Video but please correct the following
Ricer Per Kg is around 250 to 300 Rs. Not 500
The power cut were imposed for a day was 13 to 14 hours not 16 hours
We need to understand that the welfare scheme in Sri Lanka was not aimed at the betterment for the people but rather buying their obedience and vote bank. No matter the policies with good Economics at heart a country should definitely provide basic social security to it's people
Same goes to the AAP, To gain votes nothing else, they have a 1.2 billion dollar debt deficit. AAP supporters are the biggest idiots. They think they are smart at least congress and others not like them.
Rubbish. Freebies must only be for poor not earning citizens srilanka gave freebies to all like Kejriwal doing which will be disaster for us in long run. There are no freebies in the world in the end population suffers from higher inflation like srilanka is as they have no reserves to buy
@@vishmoon chup m@darchod, Kejriwal only gives free electricity to the poor only, if you use more than 200 units electricity then you'll have to pay, but Public education and healthcare is a govt responsibility and should be available to all, plus delhi is the only state with a surplus budget even after all the Freebies,and delhi has the lowest inflation rate in India l@ude ke baal
@@nickblue11 see Abusing is part of AAP fans culture maybe itspartofyourupbringing. Anyway Delhi is surplus state not because of Kejriwal but always has been because of 90% taxpayers base (Government employees and businesses and very little farmers population).
I was asking for video on sri lanka crisis since many days,finally uh made it,
well done bisbo. Good job. Simply sublime.
Sri Lanka deserves better life.... Hope it comes soon... Well done bisbo team
Well made video. As a Sri Lankan the situations are extremely bad in here.
The best way to deal complicated news into fun videos that’s what Bisbo does kudos to the team
Great topic explained in detail !! kudos
People of Delhi punjab and Tamil Nadu should watch this. This is exactly what the cm of these states are doing
delhi has a positive surplus budget even after all the welfare schemes that are being offered. There is a difference to mindless welfare to well thought out welfare schemes
@@RahulSharma-pu1ko hey do u think AAP will be able to fullfill there freebies promises to Punjab while knowing Punjab don't have many means of income and under most debt
@@Crysizz So was delhi when AAP tookover. Punjab's debt can't vanish overnight. What hurts Punjab is not welfare schemes but rampant corruption that led to this state. Within the next five years AAP goverment will turn the situation around.
@@RahulSharma-pu1ko r u insane ,when Delhi was in debt ? Also Delhi is union territory where most project are done by central government
@@Crysizz why elect a Delhi government then if Central government does most of the works 😅
Mark my words: After this crisis gets over, Sri-Lanka will continue their inherent hate against Indians. In fact, their tiny navy is still being cocky and continues arresting Tamil fishermen. No matter what you do to countries like Sri-Lanka and Nepal, they'll continue playing the China-Pakistan card against us.
Sad but true
They also say we are bullying
My god dude! Sri Lankans are not against India or hate India! These incidents are reciprocated from the Indian navy as well, and that is bound to be happened due to the ocean boundaries of the two countries. I admit the releasing process is a tad slow one, but (to the extent I know) Sri Lankan navy is keen on releasing the Indian fishermen as soon as possible. I believe the same is from the Indian navy as well. We have our political differences, but India is one of our allies. It's our degenerate leaders who are selling the country's soul to you, China and god knows what other countries.
@@pasandesilva2295 wait what selling your country's soul to us? Dude we're helping you
True 😑
Thanks for existing ❤️
Nice video. Very detailed explanation.Thanks for making news easier Bisbo!
Anything bisbo always nails it
Thanks Pawan
Excellent work . Love the content
Very well explained....As usual !
THanks for subtitles . You videos are amazing
It would be nice to provide all the links to your past youtube videos you are referring. There was one link but the video was referring to 2 of your videos
Love your content...really fascinating and presented in a way everyone can understand.... Can you teach how you edit/make animation for your videos?
wow awesome man.It seems like you, have understood the real situation of sri lanka. commented- by a sri lankan.
Thanks Kavindu
Nice work Bisbo... Lots Of Love From Our Study family ❤️❤️❤️
Big fan of ur content n way of presenting. Very enjoyable n exciting till the end.। Keep it up team 👍
Excellent , thought provoking and must be introduced in college syllabus for students to know as to how a nation should be run. Hats off.
Bisbo always appreciate your limerick’s how consistently you make them..
Thanks Balaji
Thanks, bro I got the google stock shortly after I logged in tho I don't know how to get the apple share you talked about
awesome Ad placement
4:34 you missed adani😂😂
some cool trip you are on, bro. kudos 👍🏽
Thanks for this video Bisbo. I wanted to know more on this topic but kept delaying. due to lack of interest in politics. But your video made me click immediately and got me up to date with the important facts. As always loved the animation and the limerick. You sure are super talented.
Bhagwant mann following in same route offering rain of freebies. Ultimately it bankrupt punjab.
Superb Bisbo !
Bisbo you deserve more subscribers .....
Thanks. Slow to come though
@@BisboWorld They will in time ... My general knowledge has increased thanks to you ....plus the way you present is mind blowing ....so innovative and interesting ...
Great work bisbo
Amazing presentation bisbo
good informative video from sri lankan's people perspective. hope you all find way out of the crisis.
Sir which software you use for animation?
At least Ravana didn’t bankrupt Lanka completely.
Superb bisbo tq very much fr d video ♥️♥️
nice touch with the Singhalese letters. did you use Google translate ?
Yes we did
Thank you bistro for the excellent coverage on the current crisis in Sri Lanka. Let me add my 2 cents.....a Tamilian doesn't trust a Lankan and a Lankan doesn't trust a Tamilian because of some painful incidents in their past that no one wants to forget. So no matter how much corrupted the politician may be, a Lankan will vote for his own and a Tamilian will vote for his own. Now this politician can be the most corrupted but it doesn't matter as long as he belongs to their own language or religion or caste. People think that as long as the person belongs to their own ethnic group he will be the best choice for the country or at least to the people of his own community. Once he wins the election then slowly the whole drama unfolds......a corrupted person, no matter what region or community he belongs to, is still corrupted. And corrupted people do corrupted things.....and the innocent people pay the price.
Same case with our South States.
Wonder how many parties come to power in TN. Only dravidian chauvinists... Sometimes we must introspect.
Tamils are Sri Lankan. Main ethnicities are Sinhala, Tamil and Muslim. All are Sri Lankans.
@@Desertfox18 its kind of reverse :/ we are all a ethnicc called dravidians
@@dannybenhur6123 not in kerela
Thanks for information sir ☺️.
man you are awesome
Thank you for this informative vedio...main reason is misleading and mismanagement..now it is disaster.. 😰
Lesson for those who support Kejriwal's free "everything" style of politics..
I don't know what are the promises Kejriwal made as free stuffs but I can say for sure that it is not as worse as it is in the South, especially in Tamil Nadu, Pondicherry and I think also in Kerala. Here, Money before the election and free household goods after the election is so common. Most of those stuffs are either of poor quality or useless for most (like TV or Grinder when many already own one). Free stuffs are not always bad. Free Health Care, Education, basic necessities like Water and Electricity are really good as They add to the productivity of the Population as a whole. Non-productive or leisure/luxury stuffs given for free is actually counterproductive.
@@SingularityHRT idk what you are talking about we dont have it in kerela we only have empty promises :(
People going for IND Money, you should know, there is a catch ,
You have to pay $5 each time you withdraw money from your US account,
So even if you want to withdraw a $1 profit, you can't do so without paying $5 ...
I'm stunningly watching your videos so brilliant that goes into our mind, super brother, from Bengalore
It's not just rajapaska every ruler there implemented extreme socialist policies like Free Education, Health and Food to win elections without generating revenue and relying on Tourism and few other imports. Our election commission of India must ban free bies for political parties to promise except food(which India has surplus)
First time found ur channel, I did watch many news n video about Lanka situation, damm they way u explain was funny, interesting n damm on point. At first glance though this is comedy. New subscriber u earn it bro.
Thanks Laxman. Welcome aboard
Sri Lankans are good people. I had a few friends in college. They dont deserve this. Hope they find the courage to put the Rajapaksas behind bars.
Sri Lanka ? Do you mean Sinhalese or Tamil
Yaa thank you manmohan ji..for your contribution for my nation
Incredible video never would I have thought economics to be this entertaining
Love the poem in the last
Beautiful sir.... 👏
If Content is the King then Bisbo is the Best 🙏🤝
Sin they did to Ltte 12 yrs back. Karma is a boomerang 🪃
LTTE was no good- both were equally bad.
Bro, the prices are a little bit off there...
a 1kg of rice is 200+ not 500
1kg of powdered milk is over rs.1900 other than that, it's fine! Thanks for the support!🙏🏻
I like your unique way of videos and story telling
Thanks Pratik
They should become a part of india ... probably we will help them 🕊️
Amazing
Well, guess what. As we all now how well government works in Sri Lanka
Still, our NCERT 10th class history books are glorifies Sri Lanka gdp and gdp per capita.
It talks about the GDP per capita before the srilankan civil war and also tells that how majoritarian policies can strike a civil war
Most of the ads are misleading here. Though I really admire the news content 🙏🏼
Our Andhra Pradesh situation is similar to that of srilanka, taking loans, spending for welfare schemes
Don't worry Bengal,Punjab are even worst
video antha chudu uncle ....ap tappa vere state ledhu bisbo good example teskunna dantlo
@@tarunktr bachha, Google lo search chey Rhythu sadhikarika sanstha ante enti, a year lo establish aindi
But AP is in India not a country so it will never face crisis like Sri lanka. If AP fails Center will give subsidy or package like for Bihar, Punjab.
@@glleeren7276 then every state will do the same thing, then india becomes same like lanka, there should be a balance between welfare and growth. Govts should teach how to fish instead of giving fish for few days
bro Twitter mess of elon musk should be your next topic please
God is with u srilanka,hope u rise again,love from 🇮🇳
Interesting how they managed the ad. in between Economic crisis.
😂🤤😂🤤😂🤤I loved all animations in this video...👍🏻👌🏻
Imagine Sri Lanka has been surviving and flourishing through the history and now globalisation is killing it.😬
Globalization did not kill it.
Socialism did.
Your Animations are sooooo good!!! keep up the great work.
All things aside, the lesson for other countries to get from this is, Have an exporting economy. Not a Importing one like ours. Have manpower not only brains but also small workers. Country is the most educated in South Asia. But, not the country to make stuff for our own usage. We have money, But, LKR is down, we don't have goods to buy from that money. Everyone thought about their self and migrating but, not about the country we stay. We lived a super life for years as compared to other countries and now fell. This would have happened even if the countries who make goods for us fell. Either way it came to this, now we have to rise again like a centuries old civilization. They should have kept our own companies when they opened in 1977. All politics sucks for us now tbh
Subscribed to Bibo but not pressed the Bell Icon🤣😂🤣😂
Good video good voice
Love the Limerick!!
Man the amount of drama this narrator creates deserves him a raise. I mean that conscience explanation. Not otherwise
You either show the sponsor video in start of the content or at the end, not in the middle. That really broke the sync
There's an another example that, how family politics can ruin a country...
So everyone think before you vote ... By the way wonderful video..
Tagline of this video should be Lanka burned again after Ramayana 🔥🔥
There is a mistake in your video. Ceylon changed it's name to sri Lanka🇱🇰 in the year 1971 instead of 1977 as shown in your video.
Ok. Will recheck facts. Thanks
@@BisboWorld govt got rid of dominion status & became republic after changiy it's name to sri Lanka🇱🇰 in 1971. 1977 is the year when lankan economy was liberalized.
Interesting 🤔
Welfarekhor state governments in India should take note.
Can bisbo pls make the video on indian fuel price hike reason and what is the future for alternative fuel for India.
Dear bisbo, please understand organic farming is the kind of farming our ancestors used to farm and there is no way the current population can sustain as organic farming is not at all scientific in 21st century. The crop output has reduced drastically since Sri Lanka adopted organic farming. Even many people in India believes organic farming is some kind of exotic farming practices. Adopting organic farming is one of the main reason for the current food shortage and reduced export of cash crops which in turn reduced further foreign reserves in SL.
Completely agree
When looking at a problem you have to look at the overall impact. The current farming practices are an environmental and health disaster waiting to happen. The amount of fertilizers and pesticides kill the soil and are responsible for the rise in so many diseases in people, apart from the environmental damage caused by the manufacturing of these chemicals. True, you cannot overnight turn to organic farming as any new technology has to be done in stages in a pyramidal fashion. For organic farming to be sustainable, good quality soil is an important aspect.
@@qwertyman9560 its govt job to regulate the manufacturing of harmful fertilizers and pesticides and can't blame the scientific method. Many farmers either use substandard quality or more quantity of fertilizers/pesticides which may result in leaching to ground waters and harming others, which can be tackled by giving awareness. We have many examples in history where millions died due to the unscientific method of farming. The big picture is the population to be fed with sustainable scientific farming practices.
And we are also more in no. Or high population is also putting stress on res.
@@pulkitchopra6673 Exactly, increasing population is affecting the environment as well, but we can't either reduce or stop this right.🥲
Hey Bisbo ,
Will you please make a video on the Russia Ukraine war . It will be absolutely thrilling
We’ve done one but doing another on the Moskova sinking
This country is really nice Srilanka I feel people should get back to normal soon very nice polite people, we should not make fun of their plight, please be sensitive dear...this can happen to your country, all becuse they are selling all govt. Holdings , hope Sirlanka gets better love from India 🇮🇳 ❤
Nice Accent and Cartoons - Highly recommended educational video for ages 7 and below.
Sins from 09 accumulated all the years and now karma is doing it's job
Amazing description
9:51
Mistake.
Missing the swag laser eyes. Couldn't have recognized him without them, but you mentioned his name.
All jokes aside, awesome animation bro! Keep up the good work! This takes a lot of time and effort to make and you did it brilliantly!