At President Rajapaksa’s Colombo residence, protesters’ mock session of IMF | Watch

Sri Lanka protestors, who stormed the presidential palace in Colombo on Saturday, held a mock International Monetary Fund (IMF) dialogue at President Gotabaya Rajapaksa’s home.

Sri Lanka: Protestors maintain mock IMF dialogue at President Gotabaya Rajapaksa’s home (Screengrab)

Sri Lanka protestors, who stormed the presidential palace in Colombo on Saturday, held a mock International Monetary Fund (IMF) dialogue at President Gotabaya Rajapaksa’s home.

Mock IMF dialogue at President’s home by Sri Lankan protesters pic.twitter.com/CXykNBInQf

— NewsWire (@NewsWireLK) July 10, 2022

Sri Lankans roamed by the ransacked presidential palace on Sunday, a day after protesters stormed the constructing and compelled President Gotabaya Rajapaksa to flee. Meanwhile, President Rajapaksa whereabouts are unknown.

THE CRISIS

Rajapaksa appointed Ranil Wickremesinghe as prime minister in May within the hope that the profession politician would use his diplomacy and contacts to resuscitate a collapsed financial system. But folks’s endurance wore skinny as shortages of gasoline, medication and cooking fuel solely elevated and oil reserves ran dry. Authorities have additionally quickly shuttered faculties.

The protesters additionally torched the non-public residence of Prime Minister Ranil Wickremesinghe even after he provided to resign.

The nation is counting on help from India and different nations as leaders attempt to negotiate a bailout with the International Monetary Fund. Wickremesinghe stated just lately that negotiations with the IMF had been complicated as a result of Sri Lanka was now a bankrupt state.

Sri Lanka introduced in April that it was suspending reimbursement of international loans as a result of a international foreign money scarcity. Its whole international debt quantities to $51 billion, of which it should repay $28 billion by the tip of 2027.

— ENDS —