COLOMBO (News 1st); The Bar Association of Sri Lanka (BASL) states that the BASL is gravely concerned of the signs of a looming economic crisis in Sri Lanka and its possible impact on the Rule of Law and Democracy and on the living conditions of the people.

In a statement, the BASL states that the spiraling inflation, shortages of essential goods including gas, the unavailability of foreign
currency, the inability to remit monies overseas, the downgrading of Sri Lanka’s ratings by multiple international rating agencies; the temporary closure of the fuel refinery at Sapugaskanda; reports of the operations of certain foreign airlines being suspended; warnings of a possible power crisis are all indicators which demonstrate the urgency of the need for the Government to address the economic crisis without any further delay.

The full statement is as follows;

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