Wednesday, 17th August 2022
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How can Sri Lanka recover from economic collapse?

A bailout from the International Monetary Fund will be critical in stabilizing Sri Lanka's finances but critics say the Indian Ocean island needs to tackle food insecurity and political instability first.

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Black flags have been raised across the country as millions of workers go out on strike in Sri Lanka. President Gotabaya Rajapaksa continues to ignore calls for him to step down.
9 May
Colombo has seen clashes between government supporters and protesters outside the offices of the president and prime minister. Hours later, Prime Minister Mahinda Rajapaksa offered to step down.
15 May
As protesters tried to enter Mahinda Rajapaksa's residence overnight, police escorted him out on Tuesday morning. The flare up of violence has left at least five people dead and scores injured.
11 May
The president has warned against "racial and religious disharmony." Police have received orders to use live ammunition against protesters deemed to be participating in violence.
21 May
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Sri Lanka is facing one of the worst economic crises in recent decades, triggering public anger and mass protests, which have fostered unity across ethnic and religious lines.
2 Jul
Fuel will be rationed for two weeks as shortages and inflation continue to wreak havoc on Sri Lanka. Colombo is hoping Russian energy can solve its problems.
3 Jul
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Sri Lanka is suffering the worst economic crisis in its history, with fuel shortages bringing the country to a standstill. Many are now convinced leaving is their only option.
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President Gotabaya Rajapaksa and Prime Minister Ranil Wickremesinghe agreed to resign on Saturday. Opposition parties are rushing to replace them with a coalition.
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President Gotabaya Rajapaksa will leave his post after crowds stormed his official residence. Prime Minister Ranil Wickremesinghe also agreed to resign, with protesters also breaching his home and setting it on fire.