Sri Lanka crisis: Wickremesinghe declared an emergency and imposed a curfew in the western province of the country on July 13 as protesters came prepared to face tear gas shelling.
Sri Lanka Crisis: The anger of common Sri Lankans was evident when they spoke on camera. Children were not getting milk to drink, but cakes were being eaten inside the Palace.
Sri Lanka Economic Crisis: Basil is being widely held responsible for the country's worst economic crisis which has heaped misery on the people. The political uncertainty prevails in Sri Lanka where the distribution of cooking gas has resumed
President Rajapaksa is yet to resign formally, however, he informed the Speaker on Saturday that he will quit on July 13.
The protesters were watching television in the President's house and were rolling around on the President's bed.
Sri Lanka crisis: Rajapaksa's announcement to resign came soon after Prime Minister Ranil Wickremesinghe said he would leave office. Pressure on both leaders grew as the economic meltdown set off acute shortages of essential items.
Sri Lanka has been reeling under its worst economic collapse ever, muddling through with aid from India as its leaders try to negotiate a bailout with International Monetary Fund. But what led to the crisis? We break it down into 6 points.
Sri Lanka crisis: The protestors were watching television in the President's house and were rolling around on the President's bed.
These 'essential' services include ports, airports, health, food distribution and agriculture, officials said.
Sri Lanka is unable to purchase imported fuel, even for cash, due to heavy debts owed by its petroleum corporation.
With its existing fuel stocks fast depleting, Sri Lanka is under intense pressure to get foreign exchange to pay for its imports, which has brought several sectors of the country’s economy to a grinding halt.
The current power crisis in the country, which has also affected Pakistan's economy, has forced the federal cabinet to restore the Saturday holiday in government offices to curb the use of energy and gradually bring down electricity load shedding to two hours a day by the end of June.
President Rajapaksa, while speaking with a group of irrigation officials on the next harvesting season's requirements, said Prime Minister Narendra Modi had assured him of fertiliser supplies for the next cultivation season.
With long lines for fuel, cooking gas, essentials in short supply and long hours of power cuts, the public has been suffering for months.
Recent media reports have inaccurately stated that the World Bank is planning support for Sri Lanka in the form of a bridge loan or new loan commitments, among other incorrect assertions, the Bank said in a statement.
The economic crisis has also triggered a political crisis in Sri Lanka and a demand for the resignation of President Gotabaya Rajapaksa. The crisis has already forced prime minister Mahinda Rajapaksa, the elder brother of the president, to resign on May 9.
Humanitarian aid and essential items worth Rs 2 billion were recently provided by India to Sri Lanka, as the country reels under severe economic crisis.
Sri Lankan Central bank governor P Nandalal Weerasinghe said on Thursday that the country had fallen into a “pre-emptive default” on its debts after the expiry of a 30-day grace period for missed interest payments on two of its sovereign bonds.
Sri Lanka is currently facing an acute shortage of foreign exchange that led to an increase in prices and a shortage of vehicular fuel, cooking gas, food, and thermal fuel for electricity production.
Rahul Gandhi shared a picture comparing graphs of both countries. These graphs showed a similar pattern of increase in unemployment, communal riots, and petrol prices from the years 2017 to 2021.
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