In 2022, Sri Lanka faced a severe economic crisis exacerbated by longstanding poor government policies and the impact of the COVID-19 pandemic. The country experienced a significant decline in vital sources of income from tourism and remittances, leading to a foreign currency shortage by March. This shortage hindered the import of essential goods like fuel and medicine, resulting in rising inflation, price hikes, power rationing, and fuel shortages. In May, Sri Lanka defaulted on its debt repayments, and economic recovery has been slow and occasionally stalled. International loans received criticism for not effectively addressing the human rights crisis that followed the economic downturn. The Westminster Foundation for Democracy commissioned a report in early 2023 to examine the situation, building on previous work related to LGBTIQ+ rights in Sri Lanka and policy briefs on the economic crisis's impact on the LGBT+ community in areas such as housing, education, and employment. The report incorporates qualitative data based on respondents' lived experiences.