High time for president and Govt. to step down!

Experts say policies introduced by Mr Rajapaksa after he was elected in 2019 - steep tax cuts and an import ban - have exacerbated the crisis, as has his reluctance to get help from the International Monetary Fund (IMF)

In the mean time, in a tweet, the EU delegation in Colombo urged the Sri Lankan authorities to “safeguard democratic rights of all citizens

 Sri Lanka’s current reserves are only enough to pay for about a month’s worth of goods imports

Gotabaya Rajapaksa’s government responded to the blows by cutting taxes and borrowing even more, adding to a debt load that his brother had taken on to finance big infrastructure projects that still are not profitable. Billions of dollars in debt payments are coming due, and many analysts are predicting a default

Sri Lanka’s cabinet and central bank governor have all quit as anger grows over rising food and fuel prices. President Gotabaya Rajapaksa has invited all parties to be a part of a new government. But as the economic crisis worsens in the country protesters say they won’t stop until Mr Rajapaksa resigns

Even hospitals are running out of medicine, schools are running out of paper for exams, but the politicians get electricity every day

Experts say policies introduced by Mr Rajapaksa after he was elected in 2019 - steep tax cuts and an import ban - have exacerbated the crisis, as has his reluctance to get help from the International Monetary Fund (IMF)

 Mr Rajapaksa has blamed previous administrations for the current state of affairs, but many say it’s time for him to resign immediately and accept full responsibility.