Sri Lankan Prime Minister resigns Amid Protests About Sri Lanka’s Economic Crisis

By: Love (Aksara) H. Dunn, Matt Carr

On Monday, Prime Minister Mahinda Rajapaksa of Sri Lanka resigned after weeks of protests. The small country has been a victim of civil unrest since March, with demonstrations turning violent over the handling of the most catastrophic economic crisis in the country since declaring its independence from Britain in 1948.

The country has invoked a nationwide curfew after clashes broke out between the ruling party and anti-government demonstrators in the city’s capital Colombo, police stated on Monday. These new restrictions came shortly before the resignation announcement of Rajapaksa.

The current economic crisis is due to Covid-19, rising oil prices, and a dwindling foreign reserve. The government has gone so far to request a bailout from the International Monetary Fund, with the chairman of one of the countries largest gas suppliers stating that “We are a bankrupt nation. Banks don't have sufficient dollars for us to open lines of credit and we cannot go to the black market. We are struggling to keep our businesses afloat." Hopefully this situation will improve in the future as the interim all-party government forms.