Blog Business Entertainment Environment Health Latest News News Analysis Opinion Science Sports Technology World
Sri Lanka President Flees Palace, Announces Resignation

Sri Lanka's Parliament Speaker, Mahinda Abiwardana, has announced that President Gotabaya Rajapaksa has agreed to step down next week, hours after he fled his home in Colombo after being surrounded by demonstrators protesting against the country’s months-long economic situation.


In a televised statement, Mahinda said: "The President has agreed to step down on Wednesday, July 13, to ensure a peaceful transition of power….""So I ask the people to respect the law and keep the peace."


 


Sri Lankan Prime Minister Ranil Wickram had earlier agreed to resign after party leaders in Parliament demanded that he and the embattled president resign, and protesters stormed the president's office.


Opposition parliament member, Raouf Hakim, tweeted that it was unanimously agreed that in the event of the resignation of the current president, the speaker of Parliament will temporarily hold the presidency and that he will work with an interim transitional government.


Last month, Sri Lanka's Prime Minister, Wickremesinghe, announced that its economy had collapsed entirely and that it could not afford its oil imports.


 


In Parliament, a Sri Lankan official acknowledged that talks with the IMF are difficult because the country is negotiating as a bankrupt country, not a developing one.


 Sri Lanka is experiencing its most severe economic crisis in seven decades, following a drop in cash reserves and the country's inability to import vital commodities such as fuel, food, and medicine.


 


Colombo National Hospital, the capital’s main hospital, reported receiving 105 people after Saturday's protests, with 55 that did not continue to receive treatment on Sunday. Among the wounded are seven journalists. "One person is in a severe condition after being shot," hospital spokeswoman, Pushpa Suissa, told AFP.


The presidential palace protesters announced on Sunday that they would not leave until the president resigned. The demonstrators took control of the nearby presidential offices on Saturday evening after they camped in front of it for three months.


 


Sri Lanka was a middle-income country with an ever-growing standard of living. However, it was affected by the loss of tourist revenue following a terrorist attack in 2019  and the COVID-19 pandemic.


Thise is the worst crisis to hit this island country of 22 million people since its independence in 1948. The crisis has been exacerbated by bad political decisions, which has focused the blame upon the presidential ruling family since 2005.









 





Edited By:THomas Culf


Share This Post On

Tags: #SriLanka #EconomiccCrisisLK #SrilankaProtests



3 comments

4 months, 3 weeks ago by Wdeexsa

Great


4 months, 3 weeks ago by Wdeexsa

Wow what an essay 👍🏻👍🏻


4 months, 3 weeks ago by kholood.201051

Valuable article 👍🏻



Leave a comment


You need to login to leave a comment. Log-in
Thesocialtalks.com is a Global Media House Initiative by Socialnetic Infotainment Private Limited.

TheSocialTalks was founded in 2020 as an alternative to mainstream media which is fraught with misinformation, disinformation and propaganda. We have a strong dedication to publishing authentic news that abides by the principles and ethics of journalism. We are an organisation driven by a passion for truth and justice in society.

Our team of journalists and editors from all over the world work relentlessly to deliver real stories affecting our society. To keep our operations running, We need sponsors and subscribers to our news portal. Kindly sponsor or subscribe to make it possible for us to give free access to our portal and it will help writers and our cause. It will go a long way in running our operations and publishing real news and stories about issues affecting us.

Your contributions help us to expand our organisation, making our news accessible to more everyone and deepening our impact on the media.

Support fearless and fair journalism today.


Related