Sri Lanka is bankrupt and its unprecedented economic crisis is set to last until at least the end of next year, Prime Minister Ranil Wickremesinghe told lawmakers in parliament on Tuesday.
Wickremesinghe said the island nation’s bailout talks with the International Monetary Fund (IMF) were reliant on finalizing a debt restructuring plan with creditors by August.
Sri Lanka’s economic crisis is worsening, and the daily lives of people living in the small island nation have been severely disrupted. Due to rising prices of essential items, as well as fuel and medicine shortages, many Sri Lankans desperately want to leave the country.
Sri Lanka is running out of fuel and currently has very limited supplies.
Protesters storm Sri Lankan president’s official residence
Police in Colombo said more than 100,000 demonstrators gathered outside the capital’s President’s House, which serves as Rajapaksa’s office and official residence, on Saturday, and video captured at the scene shows the protesters entering the building.
The footage shows protesters hanging banners from the building’s balcony, swimming in the residence’s pool and cooking in the president’s kitchen.
Hm our Jan 6 karfapable seems tame in comparison.
Sri Lanka declared a state of emergency after President Rajapaksa and his wife fled to the Maldives hours before he was due to resign.
So did the former president flee with cash? Or did he have foreign bank accounts from daily looting while president? Inquiring minds want to know. Grin