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Lankan President Says Won’t Resign As Opposition Rejects His Unity Offer: 10 Points

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Sri Lanka Economic Crisis: Sri Lanka is negotiating with the IMF for a bailout.

Colombo:
Sri Lanka Crisis: Sri Lanka’s Opposition parties on Monday rejected President Gotabaya Rajapaksa’s invitation to join the proposed unity government as a “sham”

Here are the top 10 updates on this big story

  1. Sri Lanka’s opposition dismissed President Rajapaksa’s invitation to join a unity government as “nonsensical” and instead demanded his resignation over the country’s worsening shortages of food, fuel and medicines.

  2. Lanka’s parliament will convene today 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.

  3. The Lankan President has named four ministers to maintain the legitimacy and stability of Parliament until a full Cabinet is appointed. 

  4. An emergency health situation has been declared in Sri Lanka from Tuesday because of the severe drug shortage in the country.

  5. There have been mass public agitations against the ruling Rajapaksa family for its mishandling of the economic situation triggered by the foreign exchange crisis and the balance of payment issues.

  6. The country’s central bank governor Ajith Cabraal stepped down on Monday after the cabinet quit to make way for a new administration to manage the spiralling economic crisis.

  7. On Sunday night, all 26 ministers aside from President Gotabaya Rajapaksa and his elder brother Prime Minister Mahinda Rajapaksa stepped down.

  8. After the protests intensified, Internet service providers were ordered to block access to social media platforms, including Facebook, WhatsApp, Twitter and YouTube. The social media curbs were lifted in the second half of Sunday.

  9. 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.

  10. The South Asian nation is facing severe shortages of food, fuel and other essentials — along with record inflation and crippling power cuts — in its most painful downturn since independence from Britain in 1948. Sri Lanka is negotiating with the International Monetary Fund for a bailout.



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