Aletho News

ΑΛΗΘΩΣ

Sri Lanka’s Prime Minister Resigns Amid Anti-Government Protests

Samizdat – 09.05.2022

Sri Lanka has been rocked by mass protests for weeks, with people outraged over the government’s policies amid the country’s worst economic crisis in decades.

Sri Lanka’s Prime Minister Mahinda Rajapaksa has resigned, his spokesman Rohan Weliwita said.

The 76-year-old prime minister sent his letter of resignation to his younger brother, President Gotabaya Rajapaksa, clearing the way for a “new unity government”, the spokesman said, quoted by AFP.

Earlier, news about the prime minister’s resignation was broken by local media.

On Monday, the government imposed a nationwide curfew and deployed the army in the capital Colombo amid violent clashes between anti-government protesters and government supporters outside President Gotabaya Rajapaksa’s office. Dozens of people were injured in the clashes. Police used tear gas and water cannons to disperse the protesters.

Sri Lankans have been facing the worst economic crisis since gaining independence from British rule in 1948. People have been suffering amid acute shortages of food, fuel, and medicines, as well as months of power outages. The crisis broke out after Sri Lanka lost the vital income it had traditionally received from tourism and remittances. This happened due to the coronavirus pandemic and tough COVID-related restrictions that affected the entire region. As a result of this, Sri Lanka was no longer able to pay off its $51 billion foreign debt and banned the import of some goods.

May 9, 2022 - Posted by | Economics, Malthusian Ideology, Phony Scarcity |

1 Comment »

  1. Money was spent on the wrong projects, like an airport in the jungle (Mattala Rajapaksa International Airport) with no passengers, a pet project of a politician with the same name, there were bad loans from mainly China (10%, source: Dhakatribune), Japan and India, there was the sudden VAT tax reduction from 15% to 8% in 2019 (source: republicworld) and added to this the abrupt forced conversion to organic farming in april 2021. The economic debt situation was finally exacerbated by the fake corona pandemic in 2020 which took down tourism to the country.

    News18: “By January 2015, a big chunk of Sri Lanka’s external debt was owed just to China. To repay the money, Sri Lanka decided in 2017 to privatise a majority stake of the port to a Chinese company called the China Merchants Port Holdings Company.”

    Sri Lanka now faces the beautiful task of repaying debts with more debts.

    Like

    Comment by Balthasar Gerards | May 10, 2022 | Reply


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.