Mass protests prompt Sri Lankan cabinet to resign
April 7, 2022, 1:40:02 CEST | Wikinews

Wednesday, April 6, 2022 



Sri Lanka
Related articles


6 April 2022: Mass protests prompt Sri Lankan cabinet to resign
1 April 2022: Indian Prime Minister Modi attends 5th BIMSTEC summit virtually
7 March 2022: Australian cricketer Shane Warne dies aged 52
14 March 2018: State of emergency in Sri Lanka remains despite calm returning after violence
16 January 2018: BBC newsreader Alagiah to undergo treatment for bowel cancer

Location of Sri Lanka



Collaborate!

Pillars of Wikinews writing
Writing an article


Gotabaya Rajapaksa in 2020 Image: Sneharashmini.
On Monday, the Sri Lankan 26-minister cabinet resigned except for President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa as the government faced backlash from the public over the ongoing economic crisis.

Earlier, the President requested all political parties unite to form a national unity government. The proposal was rejected by two political parties, Samagi Jana Balavegaya (SJB) and Janatha Vinukthi Peramuna (JVP) who wanted the president to resign.

After the Cabinet resigned, the Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal also announced his resignation.

The economic crisis drove the government to block imports in March 2020 in an attempt to preserve its foreign exchange reserves. Sri Lanka had only about USD2 billion in reserve as of February, down 70% in the last two years. Sri Lanka needed USD7 billion to finance its USD51 billion debt this year.

In the last few weeks, the country has seen an acute shortage of fuel, particularly diesel, leading to protests and empty fuel stations.

In March, the Sri Lankan inflation rate reached 18.7% and food prices rose by 30.1%. Its currency, the rupee, has lost 30% of its value against the US dollar since it was devalued last month ahead of talks with the International Monetary Fund for a bailout.






Have an opinion on this story? Share it!



Sister links[edit]
2019–present Sri Lankan economic crisis
2022 Sri Lankan protests
Sources[edit]
Uditha Jayasinghe. "Sri Lanka suffers long power cuts as currency shortage makes fuel scarce" — Reuters, March 31, 2022
"Sri Lanka declares state of emergency as protests spread" — Al Jazeera, April 1, 2022
"Sri Lanka: Reshuffle begins after cabinet quits over protests" — BBC News, April 5, 2022
"Sri Lanka central bank governor submits resignation amid crisis" — BBC News, April 5, 2022





Share this: 

Source: Wikinews
Share this article:
share article on facebook share article on twitter share article on google+ share article on tumblr share article on blogger share article on reddit

Send us your articles and web-novels!
comments powered by Disqus
Most popular


Recently Viewed:


Mass protests prompt Sri Lankan cabinet to resign

Wednesday, April 6, 2022  Sri Lanka Related articles 6 April 2022: Mass protests prompt...


Peggy Whitson, record-breaking 'American space ninja...

Whitson was greeted with flowers, a pair of sunglasses and a medical team. All three arrivin...


FIFA Ballon d'Or 2015 goes to Lionel Messi

Yesterday, Argentina and FC Barcelona star Lionel Messi won the 2015 FIFA Ballon d'Or in the...


Messi scores hat-trick as Barça become table toppers

Yesterday, FC Barcelona collected three points defeating Granada-based football club Granada...


Rafael Benítez out as Real Madrid appoints Zidane th...

Spanish Rafael Benítez was sacked from the manager post of Madrid-based football club Real M...

Automotive
Reviews | Technology | Projects & Tuning | Events | Racing
Business & Technology
Business & Economy | Mobile | Internet & Media | Security & Privacy | Gadgets & Tech | Software
Lifestyle
Health, Food & Fitness | Fashion | Gardening | DIY | Homes
Society
Accidents | Crime | Culture | Finance | Politics
Science & Environment
Wildlife | Green | Space
Gaming
Reviews
Society
Accidents | Crime | Culture | Finance | Politics
Travel
MM-iNEWS
Copyright & Privacy | Site Roadmap | Sitemap | Contact
Web Development @ OverHertz Ltd
Ω