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The Latest Breaking News from Gotabaya Rajapaksa

I can turn around Sri Lanka’s economy: PM Ranil Wickremesinghe

Sri Lanka’s newly appointed prime minister says it will take one and a half years to stabilise the crisis-hit economy.

Al Jazeera

Sri Lanka scrambles for aid – but Australia still seems preoccupied by boats

When Sri Lankan Prime Minister Ranil Wickremesinghe conceded ten days ago that the Sri Lankan economy has “completely collapsed”, his words would have come as no surprise to the island’s 22 million people.

The Conversation

Sri Lanka crisis gives India chance to gain sway vs China

Sri Lanka’s strategic location on Indian Ocean shipping lanes has long attracted outsized interest in the small island nation from regional giants China and India

The Independent UK

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Gas lines and scuffles: Sri Lanka faces humanitarian crisis

Sri Lanka’s economy, which a few years ago enjoyed strong growth that provided jobs and financial security, is now in a state of collapse, dependent on aid from India and other countries as its leaders desperately try to negotiate a bailout with the International Monetary Fund

The Independent UK

Doctors, bankers protest 'impossible situation' as Sri Lanka runs out of fuel

Doctors and bankers were among hundreds of Sri Lankans who marched on Wednesday to demand the government resolve a severe fuel shortage at the heart of the Indian Ocean island's worst economic crisis in decades or step down.

Reuters

Sri Lanka restricts fuel use, tells residents to stay home

COLOMBO: Sri Lanka abruptly restricted fuel supplies and told residents to stay home, raising the risk of more unrest as the government struggles to provide essential goods due to a crippling sovereign debt crisis that has rocked the country for months.

The Times of India

A World Apart, Lebanon and Sri Lanka Share Economic Collapse

Lebanon and Sri Lanka may be a world apart, but they share a history of political turmoil and violence that led to the collapse of once-prosperous economies bedeviled by corruption, patronage, nepotism and incompetence. The toxic combinations led to disaster for both: Currency collapse, shortages, triple-digit inflation and growing hunger.…

Asharq Al-Awsat

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A world apart, Lebanon and Sri Lanka share economic collapse

A shared history of political turmoil and violence in two countries a world apart, Lebanon and Sri Lanka, led to the collapse of once-prosperous economies that have been bedeviled by corruption, patronage, nepotism and incompetence

The Independent UK

‘India will extend fullest support to Sri Lanka’, says Foreign Secretary Vinay Kwatra during meeting with President Rajapaksa

Vinay Kwatra told Mr. Rajapaksa that India will extend its fullest support in overcoming difficult situation.

The Hindu

EXPLAINER: Why Sri Lanka's economy collapsed and what's next

Sri Lanka’s prime minister says the island nation's debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel

The Independent UK

Sri Lanka's crisis cripples once burgeoning middle class

Sri Lanka’s economic crisis, the worst in its history, has completely recast the lives of the country’s once galloping middle class

The Independent UK

‘We want justice, not fuel’: Sri Lanka’s Tamils on north-south divide

In the middle of a crippling economic crisis, demonstrating is a luxury the country’s Tamil minority cannot afford

The Guardian - UK

As global food crisis looms, Sri Lanka offers a cautionary tale

Sri Lanka’s government finally began bailout talks with IMF officials this week after a crippling delay exacerbated a longstanding economic crisis. But as food prices soar amid an impending global food shortage sparked by the Ukraine conflict, Sri Lankans are paying a heavy price for the government’s mismanagement, nepotism and…

France 24

Sri Lanka cabinet moves to clip President Rajapaksa’s powers

Cabinet approves amendment to the constitution in a move to appease protesters calling for Gotabaya Rajapaksa to quit.

Al Jazeera

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The Independent UK

Sri Lankan students demand government resign over crisis

Thousands of students from state universities have marched in Sri Lanka’s capital to demand the president and prime minister resign over an economic crisis that has caused severe shortages of essential supplies and disrupted people’s livelihoods and education

ABC News

Sri Lanka's economic crisis has turned into a national emergency, and its people are now calling for help to save lives

Sri Lanka's economic collapse is forcing people all over the country to find unconventional ways to survive. The unique unravelling of a once-middle-income nation has dramatically reshaped how people on the ground are living.

The Independent UK

The AP Interview: Sri Lanka PM says he's open to Russian oil

Sri Lanka’s prime minister says he may be compelled to buy more oil from Russia as he hunts desperately for fuel to keep the country running

The Hindu

Restoration: On Sri Lanka’s return to parliamentary democracy

Sri Lanka will be well served by a return to parliamentary democracy

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The Independent UK

Sri Lanka president's brother quits Parliament amid crisis

Basil Rajapaksa, the younger brother of Sri Lanka’s president and the country’s former finance minister, has resigned from Parliament amid mounting criticism of his alleged role in dragging the island nation into its worst economic crisis in memory

Reuters

Sri Lanka president's brother, Basil Rajapaksa, resigns from parliament

The brother of Sri Lanka's president and the country's former finance minister Basil Rajapaksa said on Thursday that he had resigned from parliament, the second from the influential family to step away from government amid a severe economic crisis.

Reuters

Power restored in crisis-hit Sri Lanka, UN unveils $47m aid plan

Striking power sector workers returned to work in Sri Lanka on Thursday after the president promised to listen to their concerns, ending widespread blackouts and bringing some respite to an economy hit by its biggest crisis in decades.

Reuters

Brothers at odds, but ruling family still holds key to Sri Lanka's future

It was the moment when two brothers who had dominated Sri Lanka's politics for nearly 20 years finally went their separate ways.

Al Jazeera

Sri Lanka’s economic crisis threatens its dollar-earning IT firms

Sri Lanka’s IT sector is trying to retain talent with dollar-linked salaries as young professionals look to exodus.

Tribune News Service

Sri Lanka president vows to finish term, won’t run for re-election

COLOMBO, Sri Lanka — President Gotabaya Rajapaksa vowed to finish the remaining two years in his term despite month-slong street protests calling for his ouster, but won’t stand for re-election as he focuses on fixing a financial mess that tipped Sri Lanka into its worst-ever economic crisis.

Reuters

Sri Lanka's president vows to finish term, but won't run for re-election -Bloomberg

Sri Lankan President Gotabaya Rajapaksa will finish the remaining two years of his term despite months-long street protests calling for his ouster but won’t stand for re-election, he told Bloomberg.

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