What’s Happening in Sri Lanka Explained
July 12, 2022
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0:53Now PlayingWhat’s Happening in Sri Lanka Explained
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as posted by the channelSri Lanka’s opposition parties are trying to cobble together an all-party government and pick candidates who can take over after President Gotabaya Rajapaksa and Prime Minister Ranil Wickremesinghe agreed to step down, giving in to popular pressure in a country struggling to pay for essentials.
Rajapaksa will step down on Wednesday to allow for a smooth transfer of power, the parliament speaker announced on television late Saturday. The president left his residence before the protesters breached security and entered his official home and offices and his whereabouts are unknown.
Protesters set fire to Wickremesinghe’s private residence Saturday, hours after he said he would step down after holding the job for two months. Wickremesinghe is safe, his office said in a text message, without elaborating.
International Monetary Fund representatives said they plan to continue technical discussions with the finance ministry and the central bank. Secretary of State Antony Blinken said the US was closely watching the developments and urged the government to address popular discontent.
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