Sri Lanka Economic Crisis Live: Newly appointed FM Ali Sabry resigns
Sri Lanka's parliament will convene Tuesday in its first session since a state of emergency was imposed as the country grapples with protests and mounting demands for the president's resignation over a worsening economic crisis.
Sri Lanka's parliament will convene Tuesday in its first session since a state of emergency was imposed as the country grapples with protests and mounting demands for the president's resignation over a worsening economic crisis. President Gotabaya Rajapaksa has said that he will not resign but is ready to hand over the government to whichever party holds 113 seats in Parliament. Stay tuned for more updates.
Newly-appointed FM of Sri Lanka, Ali Sabry resigns from his post— ANI (@ANI) April 5, 2022
"After much reflection&deliberation&taking into consideration the current situation I'm now of the view, for your Excellency to make suitable interim arrangement to navigate this unprecedented crisis," reads letter pic.twitter.com/HIPbRibZ3D
CWC withdraws support:
Ceylon Workers' Congress (CWC) has withdrawn support for the government, while several other MPs have 'formally' informed Parliament to go independent, Daily Mirror reported.
Ready to hand over the government to whoever proves 113 seat majority:
Amid the ongoing political upheaval in Sri Lanka triggered by the massive economic crisis, President Gotabaya Rajapaksa has said that he will not resign but is ready to hand over the government to whichever party holds 113 seats in Parliament. On Monday, Rajapaksa held back-to-back political meetings amidst public protests throughout the nation, calling on the President and government to resign, reports the Daily Mirror newspaper. Voting will take place when Parliament convenes on Tuesday to see which party holds 113 seats or above. The President's Sri Lanka Podujana Peramuna (SLPP) SLPP is now trying to hold on to its 113 seats so that it can continue in the government even with a simple majority, while Mahinda Rajapaksa remains the Prime Minister.
Protesters tried to break through barriers and enter the Presidential Secretariat. pic.twitter.com/k8JArAsSWW— DailyMirror (@Dailymirror_SL) April 4, 2022
What IMF says:
The International Monetary Fund (IMF) said on Tuesday that it is monitoring political and economic developments in Sri Lanka "very closely" as public unrest in the island nation grows amid its worst economic crisis in decades. President Gotabaya Rajapaksa on Monday dissolved the cabinet and appointed a new finance minister, while also seeking a new central bank governor."IMF staff is looking forward to program discussions with the authorities, including during the visit of the newly appointed Finance Minister to Washington later this month," IMF Sri Lanka mission chief Masahiro Nozaki told Reuters in an emailed statement.
Sangakkara and Mahela:
image source the quint
They sweated it out together in Sri Lankan colors on the 22 yards and the iconic duo of Mahela Jayawardene and Kumar Sangakkara again joined forces to launch a scathing attack on the country's political establishment as it battles one of its worst financial crises. Sri Lanka is currently in the midst of a deep financial and political crisis with people getting on the streets to protest against skyrocketing prices of essentials like food, fuel, and medicine, even as the country's current foreign reserve plummeted to $2.1 billion.