Market Updates
Sri Lanka Prime Minister Resigns After Months of Violence
Arjun Pandit
09 May, 2022
New York City
Sri Lankan prime minister offered his resignation as the country's economic woes mounted and violence spread.
Prime Minister Rajapaksa sent his resignation to President Gotabaya Rajapaksa and added he has dissolved the cabinet.
Prime minister also asked the president to form an all-party government and help the nation in coping with the worsening food and fuel shortages and in arranging foreign loans.
The ruling party MP Amarakeerthi Athukorala was found dead after being caught in violence between protesters.
Students have been protesting outside the Presidential palace for a month and clashes erupted with the government supporters earlier in the day.
Sri Lanka is in negotiations with China, India, and the International Monetary Fund in arranging short term loans to import oil and food and a long -term loan till the economy regains its footing and tourism rebounds.
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