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Sri Lanka: Prime Minister submits his resignation amid economic crisis - Walla! news

2022-05-09T13:41:11.199Z


Protests against the president of Sri Lanka have been raging for weeks amid the worst economic crisis in the country's history, which gained independence in 1948. Thousands are demanding that Rajapaxa and his family retire due to the crisis


Sri Lanka: The prime minister has submitted his resignation amid the economic crisis

Protests against the president of Sri Lanka have been raging for weeks amid the worst economic crisis in the country's history, which gained independence in 1948.

Thousands are demanding that Rajapaxa and his family retire due to the crisis

Walla!

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09/05/2022

Monday, 09 May 2022, 12:55 Updated: 15:15

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In video: Protests against government, Sri Lanka (Reuters)

Protests in Sri Lanka (Photo: Reuters, REUTERS)

Mahinda Rajapaxa, the Prime Minister of Sri Lanka, submitted his resignation today (Monday) amid the severe economic crisis in the country.



Proponents of her case have been working to make the actual transcript of this statement available online.

Police in response fired tear gas and hoses at the rioters.

Nine people were injured.



Protests against Gutbaya Rajapaxa, the president of Sri Lanka, have been raging for weeks amid the worst economic crisis in the history of the country that gained its independence in 1948.

Thousands are demanding that Rajapaxa and his family retire due to the crisis.

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On Monday, hundreds of supporters of the ruling party gathered outside the official residence of Prime Minister Rajapaxa, the president's older brother, before marching to a site where a demonstration against the government was held outside the president's office.



Proponents of her case have been working to make the actual transcript of this statement available online.

Police responded with tear gas and water hoses amid a wave of widespread protests that began in late March.



At least nine people were injured in the clashes, some suffering from breathing difficulties due to tear gas and being evacuated to Colombo National Hospital, a senior hospital official said.

Dozens of paramilitary forces in helmets and protective vests guarded the protesters on both sides and a curfew was imposed on the western province of Sri Lanka, including Colombo.

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Rajapaxa's government last week declared a state of emergency for the second time in five weeks, but public dissatisfaction has escalated, most recently due to a shortage of cooking gas.

Sri Lanka's energy companies have announced that their inventory has run out.



Sri Lanka has been hit hard by rising oil prices and tax cuts, and now has only $ 50 million in foreign exchange reserves, Finance Minister Ali Sabri said last week.

Litro Gas chairman Vigita Harat said the country’s foreign exchange crisis is causing a severe shortage of gas because the company is having a hard time finding dollars for paying for the gas.

Sri Lanka needs 40,000 metric tons of gas a month, at a current price of about $ 40 million.



Long queues for cooking gas have been created in recent days, with occasional desperate consumers protesting and blocking roads.

The other gas company, Laugfs Gas, has less than 2,000 metric tons of gas in stock, which is reserved for hospitals and various industries.



Sri Lanka has appealed to the International Monetary Fund for a bailout, and a virtual conference will begin today with senior officials at the fund.

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Source: walla

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