06 Apr 2022 - {{hitsCtrl.values.hits}}
AFP: Sri Lanka’s President lost his parliamentary majority yesterday as former allies urged his resignation, following days of street protests over the island nation’s crippling economic crisis.
Severe shortages of food, fuel and other essentials - along with record inflation and crippling power cuts - have inflicted widespread misery in the country’s most painful downturn since independence from Britain in 1948.
Opposition parties have already rebuffed Rajapaksa’s call to join a unity administration helmed by him and his elder brother, Prime Minister Mahinda Rajapaksa.
Their government imposed a state of emergency last week in an effort to quell rising street protests, but the ordinance is set to expire next week unless ratified by parliament.
Rejecting calls for a vote on the emergency decree, the government cut short yesterday’s parliamentary session more than two hours before its scheduled finish.
Nimal Lanza, a former minister who has also abandoned Rajapaksa’s administration, conceded that the ruling party no longer had a mandate to govern and threw his support behind the crowds calling for the president’s resignation.
“I beg and appeal to you to take the side of the protesters,” he told parliament, addressing the prime minister, who attended the session but remained silent.
Every member of Sri Lanka’s Cabinet except the president and prime minister resigned late Sunday.
Former justice minister Ali Sabry was appointed to helm the finance ministry on Monday, replacing the president’s brother Basil Rajapaksa, but abruptly resigned after just one day in office.
“Whilst I regret the inconvenience caused, I believe I have always acted in the best interests of the country,” Sabry said in a statement.
The ministry’s top civil servant also resigned yesterday, a day after the Central Bank governor quit.
Boisterous demonstrations have spread across the country of 22 million despite the emergency laws allowing troops to detain participants and a weekend curfew that lapsed on Monday morning.
Crowds have attempted to storm the homes of more than a dozen government figures, including the president’s house in Colombo.
Protesters there torched the vehicles of security forces, who responded by firing rubber bullets and tear gas.
Most demonstrations have been peaceful, with Catholic clergy and nuns led by Sri Lanka’s Cardinal Malcolm Ranjith leading a procession in the capital.
“This is a valuable country with intelligent people. But our intelligence, the people’s intelligence, has been insulted by corruption,” Ranjith said.
“Therefore now we call out... please now listen to the cry of the people and step down.”
A critical lack of foreign currency has left Sri Lanka struggling to service its ballooning US$ 51 billion foreign debt, with the pandemic torpedoing vital revenue from tourism and remittances.
The result has seen unprecedented shortages with no sign of an end to the economic woes.
Economists say Sri Lanka’s crisis has been exacerbated by government mismanagement, years of accumulated borrowing and ill-advised tax cuts.
15 Nov 2024 11 minute ago
15 Nov 2024 15 minute ago
15 Nov 2024 25 minute ago
15 Nov 2024 31 minute ago
15 Nov 2024 1 hours ago