Sri Lankan president to resign – media — RT World Information

Sri Lankan President Gotabaya Rajapaksa will resign, efficient subsequent week, native media reported on Saturday. Rajapaksa earlier left his residence in Colombo as 1000’s of protesters laid siege to the compound.

His resignation was introduced by Sri Lankan information outlet Newsfirst, which cited Speaker of Parliament Mahinda Yapa Abeywardena. It got here hours after Prime Minister Ranil Wickremesinghe declared that he would even be keen to step down, paving the way in which for an interim authorities adopted by elections.

Sri Lanka has been rocked by protests for a number of months, with the unrest pushed by hovering inflation and shortages of meals, gas, and drugs. The nation defaulted on its overseas debt in Might, and gas rationing was launched earlier this month, with armed troops deployed to filling stations.

The financial disaster has been blamed partly on the Covid-19 pandemic and the ensuing fall in tourism income for the island nation. Nonetheless, Rajapaksa’s authorities has been fiercely condemned for its insurance policies of lavish spending and careless tax cuts, whereas printing cash to repay overseas bonds.

Modifications within the nation’s authorities did little to allay public anger, and protests continued by Might and June after the president’s brother, Mahinda Rajapaksa, stepped down as Prime Minister, handing the job to Wickremesinghe. 

A crowd believed to quantity round 100,000 descended on the presidential palace earlier on Saturday, as officers informed reporters that the president had been “escorted to security.” Together with his whereabouts unknown, the demonstrators compelled their manner into the constructing, the place they raided its kitchen and swam in his non-public pool.

Based on Newsfirst, Rajapaksa will go away workplace on Wednesday. Parliament will seemingly select a caretaker president, and Speaker Abeywardena will seemingly take over as prime minister, native media reported.

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