Business Maverick: Sri Lanka president plans to resign after presidential palace stormed

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 84%

Business News News

Business Business Latest News,Business Business Headlines

Economic activity has ground to a halt as citizens endure hours-long daily power outages. Anger against the president had been brewing for months as the country is in the worst tailspin of its independent history, with inflation seen hitting 70%.

Sri Lankan President Gotabaya Rajapaksa will step down this week, after angry protesters swarmed his official residence and offices.

The resignation marks a possible turning point for the bankrupt country, which is struggling to pay for food and fuel imports. International Monetary Fund representatives said they plan to continue technical discussions with the finance ministry and the central bank. Civil-rights activists, religious leaders and artists were among thousands from across the South Asian island who gathered on Saturday at an oceanfront protest site near the presidential residence in the capital, Colombo.

Wickremesinghe also announced his resignation on Saturday. Within hours of the decision, protesters set fire to his private residence. Wickremesinghe is safe, his office said in a text message, without elaborating.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Sounds familiar just put another face to the picture

I acted on faith, I'm now reaping the reward of that bold step and making more money than I couldn't even imagine all thanks to an amazing woman fx_sarah_jeff

Phala phala next

Just reading the tweet and not the article ... This could be SA nevermind Sri Lanka...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines