Capsized

Sri Lanka’s economy has “completely collapse,” according to the country’s prime minister, who warned that the South Asian island is in such a dire state it cannot pay for essential oil imports, Sky News reported Wednesday. Prime Minister Ranil Wickremesinghe told parliament Wednesday that the country...

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Appeasement, Failed

Sri Lankan Prime Minister Mahinda Rajapaksa resigned Monday amid ongoing mass protests that have gripped the country over the worst economic crisis seen since gaining independence from Britain in 1948, BBC reported. Rajapaksa handed in his resignation to his president – and brother – Gotabaya, saying...

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Priorities

Sri Lanka defaulted on its $51 billion foreign debt Tuesday amid an economic crisis that has prompted mass demonstrations demanding the government’s resignation, Agence France-Presse reported. The suspension of payments marks the country’s first default since Sri Lanka became independent in 1948. Officials said that the...

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Abandoning Ship

Several Sri Lankan ministers and officials resigned Monday following ongoing mass demonstrations as the country experiences its worst economic crisis in decades, CNN reported. The Minister of Justice and the Minister of Youth and Sports – the latter who is also President Gotabaya Rajapaksa’s nephew –...

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