Sri Lanka Needs a Currency Board

The war in Ukraine has generated an economic tidal wave, which is crashing over countries near and far. Among the more far-flung is Sri Lanka, half a world away from the battlefield, where surging food and fuel prices have supercharged a downward spiral that was already underway.

Now, the island is being rocked by street protests, and every member of the cabinet has resigned. To save Sri Lanka from economic collapse and sociopolitical disaster will require radical action.