Sri Lanka : Financial Crisis

 

Sri Lanka has cancelled school exams for millions of students after running out of printing paper, as the country contends with its worst financial crisis since independence in 1948.

Education authorities said on Saturday the term tests, scheduled a week from Monday, were postponed indefinitely due to an acute paper shortage, with Colombo short on funds to finance imports.

“School principals cannot hold the tests as printers are unable to secure foreign exchange to import necessary paper and ink,” the Department of Education of the Western Province said.