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Sri Lanka’s crisis rings alarm for other troubled economies

FILE - A client receives a haircut at a barber shop in Istanbul, Turkey, Monday, July 4, 2022. Some 1.6 billion people in 94 countries face at least one dimension of the crisis in food, energy and financial systems, according to a report last month by the Global Crisis Response Group of the United Nations Secretary-General. (AP Photo/Francisco Seco, File) FILE - A man buys bread in Ulus district of the capital Ankara, Turkey, Thursday, May 5, 2022. Some 1.6 billion people in 94 countries face at least one dimension of the crisis in food, energy and financial systems, according to a report last month by the Global Crisis Response Group of the United Nations Secretary-General. (AP Photo/Burhan Ozbilici, File) FILE - A gas station worker tries to set new gasoline prices after the latest increases, with most meters unable to accommodate the new five digit price for one liter of gas, in Beirut, Lebanon, Wednesday, Sept. 22, 2021. Some 1.6 billion people in 94 countries face at least one dimension of the crisis in food, energy and financial systems, according to a report last month by the Global Crisis Response Group of the United Nations Secretary-General. (AP Photo/Hussein Malla, File) FILE - People crowd a msjor street in Cairo, Egypt, April 14, 2020. Some 1.6 billion people in 94 countries face at least one dimension of the crisis in food, energy and financial systems, according to a report last month by the Global Crisis Response Group of the United Nations Secretary-General. (AP Photo/Nariman El-Mofty, File) FILE - An investor monitors indexes on the big screen at the Pakistan Stock Exchange (PSE), in Karachi, Pakistan, Friday, June 24, 2022. Some 1.6 billion people in 94 countries face at least one dimension of the crisis in food, energy and financial systems, according to a report last month by the Global Crisis Response Group of the United Nations Secretary-General. (AP Photo/Fareed Khan, File) FILE - Workers produce sugarcane juice in a traditional factory on the outskirts of Peshawar, Pakistan, Thursday, Nov. 4, 2021. Some 1.6 billion people in 94 countries face at least one dimension of the crisis in food, energy and financial systems, according to a report last month by the Global Crisis Response Group of the United Nations Secretary-General. (AP Photo/Mohammad Sajjad, File) FILE - A woman passes a cosmetic shop that closed after the economy crisis in the commercial area in Beirut, Lebanon, Wednesday, Jan. 12, 2022. Some 1.6 billion people in 94 countries face at least one dimension of the crisis in food, energy and financial systems, according to a report last month by the Global Crisis Response Group of the United Nations Secretary-General. (AP Photo/Hussein Malla, File) FILE - Residents raise their hands as they cross a street during a protest against rising prices of consumer goods and the crash of local currency in Beirut, Lebanon, Monday, Nov. 29, 2021. Some 1.6 billion people in 94 countries face at least one dimension of the crisis in food, energy and financial systems, according to a report last month by the Global Crisis Response Group of the United Nations Secretary-General. (AP Photo/Hussein Malla, File) FILE - A daily wage laborer waits for work at a wholesale market in Colombo, Sri Lanka, Sunday, June 26, 2022. Sri Lankans have endured months of shortages of food, fuel and other necessities due to the country's dwindling foreign exchange reserves and mounting debt, worsened by the pandemic and other longer term troubles. Some 1.6 billion people in 94 countries face at least one dimension of the crisis in food, energy and financial systems, according to a report last month by the Global Crisis Response Group of the United Nations Secretary-General. (AP Photo/Eranga Jayawardena, File) FILE - Auto rickshaw drivers line up to buy gas near a fuel station in Colombo, Sri Lanka, Wednesday, April 13, 2022. Some 1.6 billion people in 94 countries face at least one dimension of the crisis in food, energy and financial systems, according to a report last month by the Global Crisis Response Group of the United Nations Secretary-General. (AP Photo/Eranga Jayawardena, File) FILE - A boy looks through a locked door as he waits his turn to receive food supplies during an aid distribution for families in need in Kabul, Afghanistan, Wednesday, Feb. 16, 2022. Some 1.6 billion people in 94 countries face at least one dimension of the crisis in food, energy and financial systems, according to a report last month by the Global Crisis Response Group of the United Nations Secretary-General. (AP Photo/Hussein Malla, FIle) FILE - A vender waits for customers at a vegetable market place in Colombo, Sri Lanka, Friday, June 10, 2022. Some 1.6 billion people in 94 countries face at least one dimension of the crisis in food, energy and financial systems, according to a report last month by the Global Crisis Response Group of the United Nations Secretary-General. (AP Photo/Eranga Jayawardena, File) FILE - A man shouts anti-government slogans during a protest outside the president's private residence on the outskirts of Colombo, Sri Lanka, Thursday, March 31, 2022. Some 1.6 billion people in 94 countries face at least one dimension of the crisis in food, energy and financial systems, according to a report last month by the Global Crisis Response Group of the United Nations Secretary-General. (AP Photo/Eranga Jayawardena, File) FILE - A man stands among piles of humanitarian food supplies in Kabul, Afghanistan, Wednesday, Feb. 16, 2022. Some 1.6 billion people in 94 countries face at least one dimension of the crisis in food, energy and financial systems, according to a report last month by the Global Crisis Response Group of the United Nations Secretary-General. (AP Photo/Hussein Malla, File)