Sri Lanka leader to Indian PM Modi, to Help Nation Financial Crisis

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Sri Lanka leader to Indian PM Modi to Help Nation Amid Financial Crisis,  Despite the country’s economic woes, Sri Lankan Opposition Leader Sajith Premadasa requested Indian Prime Minister Narendra Modi on April 4 to support the country to the maximum extent possible.

“Please try and help Sri Lanka to the maximum possible extent. This is our motherland. We need to save our motherland, “Premadasa said in a message to Indian PM Narendra Modi.

Furthermore, when asked if the country is ready for elections, he said, “I can tell you, I myself and we all have been ready ever since we entered social service and political service. We are ready for any eventuality.”

The Opposition leader said, “The melodrama is being enacted to fool the people of the country. There’s no genuine effort to bring sanity to our society and relief to the people. It’s an exercise to fool the people.”

Sri Lanka is experiencing a foreign exchange crisis, which has hampered the country’s ability to purchase food and fuel, resulting in power outages.

Due to a shortage of basic products, Sri Lanka was forced to seek aid from friendly countries.

Twenty-six members of Sri Lanka’s Cabinet resigned on Sunday, amid mounting public outrage over the government’s handling of the country’s economic crisis.

President Gotabaya Rajapaksa of Sri Lanka asked all political parties to join a unity cabinet on Monday as part of the government’s efforts to address public outrage over the island nation’s worst economic crisis.

President Rajapaksa named four ministers today to keep Parliament and other government activities legitimate and stable until a full Cabinet is established. He replaced his brother Basil Rajapaksa as Finance Minister with Ali Sabry. Following consultations with the opposition parties, a permanent government will be formed.

As protests over the island nation’s deepening economic crisis grew, Sri Lanka’s central bank governor, who had rejected rising calls for the island nation to seek an IMF bailout, announced his retirement Monday.

The blue-chip index plunged 5.92 percent after a mass government resignation in the face of an economic crisis, and trading on Sri Lanka’s stock exchange was halted seconds after it began Monday. Apart from President Gotabaya Rajapaksa and his elder brother Prime Minister Mahinda Rajapaksa, all 26 ministers in the cabinet tendered letters of resignation at a late-night meeting yesterday.

Despite the fact that internet service providers were forced to ban access to social media sites such as Facebook, WhatsApp, and Twitter, many small protests took place across Sri Lanka. In the second half of Sunday, the social media restrictions were lifted.

The President of Sri Lanka declared a state of emergency on Friday, the day after a throng attempted to attack his home in Colombo, and a statewide curfew remained in effect until this morning.

According to police, at least 664 persons were arrested for breaking the curfew.

Sri Lanka is struggling to service its $51 billion international debt due to a catastrophic lack of foreign money, with the COVID-19 pandemic jeopardising important tourism and remittance revenue.

The South Asian country is experiencing catastrophic food, gasoline, and other necessary shortages, as well as record inflation and crippling power outages, in its worst downturn since gaining independence from Britain in 1948. Sri Lanka is negotiating a bailout with the International Monetary Fund.

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