Sri Lanka is facing its worst crisis in recent memory.The prime minister of Sri Lanka, Ranil Wickremesinghe, said the nation's efforts to negotiate a bailout with the International Monetary Fund (IMF) have been delayed by the severity of its financial crisis.But Sri Lanka does not have the only economy that is in serious trouble as prices for food, fuel, and other necessities have greatly increased with the war in Ukraine.Countries including Afghanistan, Argentina, Egypt, Laos, Lebanon, Myanmar, Pakistan, Turkey, and Zimbabwe are facing their own economic crises.It is estimated that about 1.6 billion people in 94 countries face a crisis involving food, energy or their financial systems.A report last month by the Global Crisis Response Group of the United Nations Secretary-General said about 1.2 billion people live in "perfect-storm" countries.That is a term meaning individuals living in those countries are at a high risk of crisis from rising costs and other long-term problems.
