November 16, 2023

A Long Way Down

The Sri Lankan Supreme Court issued a symbolic ruling saying that the once-powerful Rajapaksa family, which ruled the nation for nearly two decades, were among those responsible for the worst economic crisis in the country’s history, Agence France-Presse reported. In 2022, Sri Lanka’s economy crashed. As...

Read full story →
July 22, 2022

The New King

Sri Lankan Prime Minister Ranil Wickremesinghe was sworn in Thursday as president, taking the reins of a country plagued with a deep economic crisis that has sparked massive social unrest, including demands for his resignation, France 24 reported. Wickremesinghe took office a day after Sri Lankan...

Read full story →
July 15, 2022

Spiraling

President Gotabaya Rajapaksa resigned Thursday after being forced to flee the island because of a civilian uproar over the collapsing economy, Nikkei Asia reported. Earlier this week, Rajapaksa announced he would resign Wednesday after thousands of protesters breached his residence over the weekend in protests against...

Read full story →
July 14, 2022

When the Street Roars

Enraged Sri Lankan protesters stormed the prime minister’s residence after Sri Lankan President Gotabaya Rajapaksa fled the country Wednesday, the day he was set to officially resign following months of anti-government demonstrations over Sri Lanka’s dire economic situation, CNN reported. He had announced over the weekend...

Read full story →
July 11, 2022

Cleaning House

Sri Lankan President Gotabaya Rajapaksa agreed to resign after thousands of protesters stormed his official residence over the weekend amid ongoing public unrest over the country’s collapsing economy, the Wall Street Journal reported. Parliamentary Speaker Mahinda Yapa Abeywardena said Saturday the president intends to step down...

Read full story →
June 23, 2022

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...

Read full story →
May 10, 2022

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...

Read full story →
April 13, 2022

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...

Read full story →
April 05, 2022

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 –...

Read full story →
Loading new posts...
No more posts

You don't have credit card details available. You will be redirected to update payment method page. Click OK to continue.