Financial TimesFinancial Times

The white elephants stoking fury over Sri Lanka’s debt crisis

By Antoni Slodkowski

27 Jul 2022 · 4 min read

Editor's Note

FT reports on how the Rajapaksas spent money on vanity projects and how that has led to this crisis which will be difficult to wriggle out of for the new President.

The Rajapaksas lavished spending on vanity projects that are rotting away in the heatTo appreciate the challenges confronting Sri Lanka’s new president, take the road to Hambantota.

At the end of a stretch of jungle in the south of the island sits a convention hall for 1,500 people, a 35,000-seater cricket stadium and a massive “international” airport. All are empty and rotting away in the heat.

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