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tv   DW News Asia  Deutsche Welle  April 19, 2022 4:30pm-4:46pm CEST

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and send us your story chain always to understand this new culture. so you are not a visitor, not a guest. you want to become a citizen. in phil migrants, your platform for reliable information. this is, did of the news asia coming up to date to lancaster. rollers faced the heat over the countries. economic crisis protested the de bonding. the president stepped down, but he sticking to his guns. how much of the crisis is this government's fault? and how is it affecting, she lumpkins, we report from the country plus their beer that's flat, out of favor in me and mark. because if it's linked to the military. ah,
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i british manager, welcome to the w news asia. glad you could join us in the past 24 hours for lumpkins. i've experienced a massive hike and fuel prices. seen a new cabinet sworn in and heard promises of constitutional reform. the catalyst for all this, the countries was ever economic crisis since independence. in 1948, a crisis that's left a tree, lumpkins short of medicines, fuel electricity, and above all food, the country is running out of foreign exchange to pay for these essential imports. the blame for most of this is falling on economic mismanagement by the government of president. gotta be outta departure. he's resisted goals to resign. and on monday he appointed a new cabinet. this is what he told them. i don't want the summer that i believe that is we should have gone to the international monetary fund much earlier, mama,
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we swastikas you are gamer, not providing agro chemicals to farmers. alabama is also a mistake. i mean, we will now get fertilizer to our farmers once again a be of an am, a people are suffering because of the economic crisis. we are the god of the and i deeply regretted get laura now that reference to farming just one of a series of miss steps. but the president's administration. the number corresponded manila told that it wasn't sri lanka to get a sense of the other government measures that prompted this country wide crisis ha, facing acute economic distress and the rock of its people. missy lincoln. government finds itself in it. thus, the country has built up excessive debt and has run out of the money needed to provide its people with essential commodities. but how did such
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a situation come about? economist donation digna roger says the government's policies did not yield the growth they hoped for. over the past few years, she lanka has borrowed heavily for investing in infrastructure development such as port roads, railways, and other types of projects. this projects have been relatively low return and has imposed in a cost on the country. big new roger asked the band to make and russia warn you clean. how wasn't the blog but the policy missteps by the current government? what really pushed, sheila got over the edge. he says, the biggest mistake was the far reaching that got implemented in 2019 depriving the government budget of sizable revenue. he also points to the ill fated attempt to rapidly switch from chemical to organic fertilizes. this had a negative impact on food production and also productivity,
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which fell in agriculture and is partly responsible for the present food shortages that we have. ordinarily, she lungs are the ones suffering now. soaring food prices and then be power goods. and i will spend queuing at fuel stations, sometimes are dawning empty handed, are adding to the restoration. the health care system is also under pressure here by supply shortages and substantial price hikes for medicines. but economist signal roger says he's cautiously optimistic, the situation can improve it. the right steps are taken at the right time restructuring sheila of debt to proper negotiations, cutting expenditure and long term structural reforms to attract more foreign trade and investment. he says the measures are crucial to reassure the disappointed you. there is a massive q outside the passport office,
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a feeling constrained to get passports, all the for an embassy mandated by people wanting to migrate. this will be a tragic for sheila, if we have useful population not willing to be in this country and contribute to its future. the 1st time me get off before getting better. that's my. for now, young children are taking to the streets as far as i can see, demanding change, and hope for the future. ah, and this is what many of those in the streets have to say about the crisis that's hitting the country. we support the cause on asia because it's law lockheed filter law open a better life because the, the ugly best was coming here to have all the funds from these cut option validation. i came here to show my support to the people who are doing the profit
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and also i believe that we need to do well to stop. this could be a suffering from got on this vehicle for somebody for we're going to fall is not and get is and is not the dollar is not locked up. all right, sounds good. and joining me now for more is a month, pereira, he's a researcher at australia. seek university in melbourne. i'm on thought a 64 percent high. can diesel price is a shortage of food essential items. i mean, what are people back home telling you? what is daily life like for sure long comes now. so if i look to capture the life in one image yesterday and i the sri lankan government, relaxed face mask last night, he said that people could now stop wearing face much unless they're traveling in
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public transport and in savings. as soon as that message came out, the doctors and others started putting out messages on social media saying they were besieging. they were saying, please do not stop grabbing your for your smart because you only get sick and we have run out of medicine. that is how they started the situation back home is that people are waiting for maybe seen people are waiting in queue for fuel. the price of brake, the price of a loaf of bread went out by 30 percent or night. so these cues are getting longer. these prices i getting higher and there is no indication that the situation to be will be reversed anytime soon. and we're also seeing these near continuous protests against the government, demanding that the president stepped on. although he's still sticking to his guns.
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and the government of people relieve well from what you see, since the protest started in earnest in april, the government has been trying to predict or to sure that they're doing something. but you, when you look at what's happening on the ground, the relief is not coming through to the people. the rises are not going down. the cues are not getting shorter and they proceed, he's got it. so the short answer to that is that the government has been unable to deliver any kind of relief to the people when the government fall among well, the way this redundant constitution is, is really difficult to get rid of a sitting president. the president either has to resign or there is an impeachment
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process, which is quite complicated. so right now the government can remain in trench as long as the president is there, but it will be, and for all purposes, ease hamstrung government. it has been inactive cabinetry, shuffles from the 1st of april. there is no relief. ah, so the government can stay on, but it's going to be this big of a action that is going to happen on the streets. and people are just going to be coming on to the streets deal. there is some relief briefly on. so if you can monitored, do you see this crisis? changing sri lanka has already got the ways free. lanchen thought of the government. the ways are making allowances for their government in
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the past. it's all history now from now on month 3, i'm going to have shown is that they will hold government accountable. and if that one month don't deliver, they will make sure that you force governments to deliver that time up with being treated as say, my god is gone, finished. unfortunate circumstances were among for thank you so much for joining us today. the to me and man expire citizen, the struggle to return to democratic rule may not be making international headlines, but it's certainly very much alive. it's visible in people's attempts to play card business is owned by the military, the haunt, our own hundreds of enterprises involved in everything, from telecoms to oil and gas, even beer. and it's, yeah, that man, most people are taking a stand, one pint at a time. a cool draft beer in 1900 street bar is
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a popular way to unwind and young guns bustling downtown. what beer you choose these days as a political statement. drinkers are turning their back on me in mar beer once the most popular broo in the country. because of it's linked to the armed forces. they're sipping big international brands instead. anita walla, walla. all the restaurants in 19th street used to sell me and mar beer. who but now i don't see any yeah, they go to tiger, to borg and other brands have replaced. it won't only lie highly. they'll do me and mar. beer was backed by the japanese brewing giant keighron, and seen as a sign of the economic liberalization washing into the southeast asian country. after the military relaxed its iron grip on power in 2011, it dominated the market, but brands without government links or on the rise, even though it anyhow, both i mean, we know other beer browns are paying tax to the military. but we don't want all of
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our money going to them. we avoid is in that there's only me in my beer in the restaurant than we don't drink beer. and i won't all you take out an intangible delta, gamma denovia batavia, although natalie that i'll go many restaurants don't sell the military's me and mar beer. and people tend not to choose me and mar beer any more lawyer. and i will wealthy general dod almonza is dead. we have to choose other brands on it like tiger machine though they bill them, low legal aid, m, avi. although there is widespread public anger at the military's crack down on descent, which a local monitoring group says has killed more than $1700.00 people. this is led to attacks on bars, still serving the beer and delivery trucks carrying the beer have been stopped and their cargo destroyed the boycott spreading to include other items with military links, including coffee and beauty. products me in mars,
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consumers hope to fight the hunter by putting a squeeze on the economy. and that's it for today. be sure to check out the other stories on d. w dot com, forward slash isha on facebook and twitter for back again at the same time tomorrow, we'll see you then for black with not just another day. so much is happening all at once. we take time to understand this is the day and in depth look at current news, events analyzed by experts and critical thinkers. this is the weekdays, on d, w. i'm the green fat that you feel worried about the
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planet to unreal host of the on the green fence post and to me it's clear remains to change. join me for a deep dive into the green transformation for me, for you all the plans with ah, the world banks flashes, it's forecast for economic growth. well, at the top economist warrants, it may have to cut its projections again as the global economy faces exceptional uncertainty of the war. and ukraine. also cutting off all look at how lithuania became independent of russian gas and ask an expert if the rest of the block could follow in the baltic nations footsteps. and we take you to florida key west a tropical paradise that has had enough of cruise ship a delaney and for lead. welcome to the show. the brutal effects
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of russia's invasion of ukraine are devastating the global economy. the world bank is flashing its global growth forecast for 2022 by nearly a full percentage point. well, being chief economist, carmen reinhardt, warned that the downgraded production of 3.2 percent growth could end up being too optimistic, amid quote, exceptional uncertainty for the global economy. global finance, financial liter leaders are in washington this week for joint meetings of the international monetary fund. and world bank food insecurity, skyrocketing inflation, and the rising risk of debt crises, and poor countries will top the agenda. now, russia's war and ukraine is the main reason for the worsening economic outlook from the world bank. it expects ukraine's economy to contract a stunning 45 percent this year. russia russia's own economy is expected to shrink 11 per.

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