Ranil Wickremesinghe says country’s finances ‘extremely precarious’ in first address since appointment

Sri Lanka’s new prime minister, Ranil Wickremesinghe, has warned that the financial crisis engulfing the country will get worse and “the next couple of months will be the most difficult ones of our lives”.

In his first address to the country since he was appointed as interim prime minister on Thursday, after Mahinda Rajapaksa stepped down from the role amid Sri Lanka’s worst economic crash since independence, Wickremesinghe was blunt as he described the conditions of the country’s finances as “extremely precarious”.

Ranil Wickremesinghe appointed to lead ‘unity government’ after days of deadly violence

Sri Lanka’s beleaguered president, Gotabaya Rajapaksa, has sworn in a new prime minister to replace his brother as the country reels from days of violence.

The new PM, Ranil Wickremesinghe, who has held the post five times before, will head up a “unity government” tasked with finding a way out of Sri Lanka’s worst economic crisis since independence, with severe shortages of food, fuel and medicines and long power cuts.

Mahinda Rajapaksa resigned this week after his supporters attacked anti-government protesters and ran riot in Colombo, unleashing days of violence

Beleaguered president Gotabaya Rajapaksa was set to name a new prime minister on Thursday to try to steer Sri Lanka out of its dire economic crisis after days of violence, officials said.

Respected five-time former premier Ranil Wickremesinghe was the frontrunner to head a “unity government” with cross-party support in the 225-member parliament and replace Rajapaksa’s elder brother Mahinda who stepped down on Monday.

Mahinda Rajapaksa rescued in pre-dawn military operation after day of protests in which eight people were killed

Sri Lankan troops have conducted a dramatic pre-dawn operation to rescue Mahinda Rajapaksa – who resigned as prime minister on Monday – firing warning shots in the air to disperse thousands of anti-government protesters who had stormed his official residence in Colombo.

Eight people have been killed and over 200 wounded after pro-government supporters provoked violence among previously peaceful protests, which have been taking place for weeks in the midst of an unprecedented economic crisis.

Police are imposing nationwide curfew following violence at protest site in Colombo

Sri Lanka’s prime minister, Mahinda Rajapaksa, has resigned after months of protests over the country’s deepening economic crisis, as once-peaceful protests turned violent and at least five people were killed in clashes.

Turmoil began to engulf the country on Monday following violence at a major protest site in Colombo, where pro-government supporters attacked demonstrators and police responded with teargas and water cannon.

Strongman Gotabaya Rajapaksa’s position looks weak amid an economic crisis that threatens to turn into starvation

He was once known as “The Terminator”, the most feared man in Sri Lankan politics. But today, President Gotabaya Rajapaksa’s name can hardly be spoken without a loud chorus of derision and calls of “thief”, “madman”, “criminal” or “traitor”.

As Sri Lanka endures its worst economic crisis since independence in 1948, blame has fallen at the feet of one man. Rajapaksa, known to many simply as Gota, was elected in 2019 amid nationalistic fervour and a wave of support from the country’s Sinhalese Buddhist majority. But over the past three years, under his watch – and what many are calling “criminal financial mismanagement” – the economy has gone into freefall. Now many people can barely afford three meals a day. “He has dragged this country down into the gutter and we are all suffering,” said Dinesh Galgamuwa, 47, who was among the protesters in Colombo.

Union warns of complete breakdown of health system with hospitals ‘all running out of medicines’

Sri Lanka’s economic crisis has deteriorated into a medical crisis, with the top medical union declaring a national health emergency over a life-threatening shortage of drugs.

On Tuesday the country’s most powerful trade union, the Government Medical Officers’ Association (GMOA), called a meeting and declared a medical crisis as doctors and hospitals reported a widespread lack of medicine.

All 26 cabinet ministers aside from the president and the prime minister quit as unrest over the country’s worst financial crisis in decades continues

Sri Lanka’s entire cabinet aside from the president and his sibling prime minister resigned from their posts on Sunday as the ruling political clan seeks to resolve a mounting economic crisis, with a social media blackout failing to halt another day of anti-government demonstrations.

The south Asian nation is facing severe shortages of food, fuel and other essentials – along with record inflation and crippling power cuts – in its most painful downturn since independence from Britain in 1948.

Declaration comes after hundreds of protesters clashed with police and the military

Sri Lankan president Gotabaya Rajapaksa has declared a nationwide public emergency, following violent protests over the country’s worst economic crisis in decades.

Rajapaksa said in a government gazette notification late on Friday that he took the decision in the interests of public security, the protection of public order and the maintenance of supplies and essential services.

Curfew lifted a day after 45 people were arrested when an angry crowd demanded the resignation of Gotabaya Rajapaksa

Nearly 50 people were injured after authorities used teargas and water cannon to drive back a crowd that stormed the home of Sri Lankan president Gotabaya Rajapaksa, amid anger over the government’s handling of the nation’s deepening economic crisis.

The crisis, the worst in living memory, has caused massive discontent, with people unable to find gas for cooking, medicines, fuel and basic items of food such as milk powder because the country has run out of foreign currency to pay for imported goods.