Sri Lanka economic crisis: Embassies shut, Rajapaksa govt loses majority | Top points

  • Fuelled by anger over the shortage of food and fuel and power cuts, people have continued to protest against Gotabaya Rajapaksa-led government and demanded his entire family resign over their handling of the debt-heavy economy.
Sri Lankan police officers stand guard near the parliament during a protest in Colombo, Sri Lanka, Tuesday, April 5, 2022.(AP)
Sri Lankan police officers stand guard near the parliament during a protest in Colombo, Sri Lanka, Tuesday, April 5, 2022.(AP)
Published on Apr 05, 2022 10:55 PM IST
Copy Link
By, New Delhi

The economic crisis in Sri Lanka has escalated into political turmoil, days after the public protested outside President Gotabaya Rajapaksa's house in the capital Colombo. Dozens of Sri Lankan lawmakers walked out of the ruling coalition on Tuesday, leaving Rajapaksa's government with fewer than the 113 members needed to maintain a majority in the 225-member house. Fuelled by anger over the shortage of food and fuel and power cuts, people have continued to protest against Gotabaya Rajapaksa-led government and demanded his entire family resign over their handling of the debt-heavy economy.

Here are top updates from the Sri Lanka crisis:

>In a setback for the Sri Lankan government, finance minister Ali Sabry resigned within 24 hours after his appointment and ahead of crucial talks scheduled with the International Monetary Fund (IMF) for a loan programme to help the country out of its worst economic crisis.

>Massive protests were witnessed outside Sri Lankan Parliament on Tuesday as demonstrators continued to demand the resignation of Rajapaksa over the country’s worst economic crisis in decades.

>The United States, meanwhile, expressed concerns about the economic situation in Sri Lanka and urged authorities in the island nation to exercise restraint and avoid social media blackouts. "We are deeply concerned about the economic situation in Sri Lanka. All have the right to peacefully protest and voice their views. We urge authorities to exercise restraint and to avoid social media blackouts and arrests under the Prevention of Terrorism Act in response," US state department spokesperson Ned Price tweeted.

Also read | 'There can be a bloodbath…': Sri Lankan ruling coalition MPs' warning

>Cash-strapped Sri Lanka has decided to temporarily shut its embassies in Norway and Iraq, as well as the country's Consulate General in Sydney amid the ongoing crisis in the country. The decision will take effect from April 30, a statement by its foreign ministry read.

>A group of Sri Lankan governing party lawmakers has called for the appointment of an interim government, warning that a failure to do so would lead to violence and anarchy.

> The 36-hour long curfew -- that was imposed in Sri Lanka following public unrest outside the President's home -- was lifted on Monday. The country, however, continues to operate under a state of emergency.

>India recently announced to extend a USD 1 billion line of credit to Sri Lanka as part of its financial assistance to the country to deal with the economic crisis following a previous USD 500 billion line of credit in February to help it purchase petroleum products.

(With inputs from agencies)

SHARE THIS ARTICLE ON
Close Story
QUICKREADS

Less time to read?

Try Quickreads

  • bortion rights activists hold signs during a protest in front of the Supreme Court building following the announcement to the Dobbs v Jackson Women's Health Organization ruling on June 25, 2022 in Washington, DC. 

    Your body belongs to Christ: Anti-abortionists see divine hand in court ruling

    Diana Villanueva's wasn't greeted by the crowds of protestors who often gather outside facilities in the United States to try to persuade women to change their minds. After you go through what you go through then you ponder what you did. That's when the remorse starts kicking in." "A lot of those ladies say: 'It's my body, my choice'. It's not your body; your body belongs to Christ."

  • Former Pakistan's prime minister Imran Khan gestures during a press conference in Islamabad.

    Staff found planting spy device in Imran Khan's room. Here's what happened next

    A spying attempt on former Pakistan prime minister Imran Khan has been foiled, Pakistan's ARY News reported. An employee was allegedly paid to install a device in the Pakistan Tehreek-i-Insaf chief's bedroom. PTI leader Shehbaz Gill claimed that an employee who cleans the former prime minister's room was paid to install the spy device, terming the act heinous and unfortunate. The PTI leader alleged.

  • Two car-shipping carriers berthed at Sri Lanka's Chinese-built Hambantota Port.

    Was cash strapped Sri Lanka duped by China in Hambantota Port?

    The Hambantota Port is located in southern Sri Lanka close to the east-west sea route. Its construction began in 2008 which was funded through Chinese loans of about US$ 1.3 billion. The construction was carried out by a joint venture of China Harbor Engineering Company and the Sino Hydro Corporation. By 2016, the Hambantota Port under the ownership of Sri Lanka Ports Authority had incurred losses of about SLR 46.7 billion.

  • Images showed the ship's three-tube torpedo launcher and gun mount.

    US WWII destroyer found off Philippines

    A US navy destroyer sunk during World War II has been found nearly 7,000 metres (23,000 feet) below sea level off the Philippines, making it the world's deepest shipwreck ever located, an American exploration team said. A crewed submersible filmed, photographed and surveyed the battered hull of the "Sammy B" during a series of dives over eight days this month, Texas-based undersea technology company Caladan Oceanic said.

  • Taliban's urgent appeal to West after deadly earthquake ravages Afghanistan

    Taliban's urgent appeal to West after deadly earthquake ravages Afghanistan

    Afghanistan's Taliban administration on Saturday called on international governments to roll back sanctions and lift a freeze on central bank assets following the earthquake that killed more than 1,000 people and left thousands homeless. The 6.1-magnitude quake that struck the east of the country early on Wednesday destroyed or damaged 10,000 homes and injured about 2,000 people, straining the country's fragile health system and posing a major test for the ruling Taliban.

SHARE
Story Saved
×
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Sunday, June 26, 2022