The country canceled the semester exam because of lack of money to buy paper
“Schools cannot hold exams because they cannot guarantee foreign currency sources to import paper and ink. The Department of Education in the Western Province of Sri Lanka said.
The exam was scheduled to take place in a week, from March 21, but has now been postponed indefinitely.
The decision affects about two-thirds of Sri Lanka’s 4.5 million schoolchildren. Semester exams are an important part of Sri Lanka’s student assessment process, deciding whether they will be promoted or not.
Sri Lanka is experiencing its worst financial crisis since independence in 1948. Along with printing paper, the country is also struggling to import essential goods such as food, fuel and medicine. Products.
The foreign debt that Sri Lanka has to pay this year amounts to $6.9 billion, but the South Asian country’s foreign exchange reserves were only about $2.3 billion at the end of February.
Sri Lankan officials say they are seeking a bailout from the International Monetary Fund (IMF) to settle foreign debt and boost foreign currency reserves.
Scarcity of goods causes Sri Lankans to queue in long lines to buy goods. The government recently cut off electricity on a rotation basis, restricting the sale of sugar, powdered milk, lentils and rice to cope with the current situation.
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