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Sri Lanka president, PM to resign after tumultuous protests

Sri Lanka president, PM to resign after tumultuous protests

14 Sept 08:15 Key points summarised by AI
  • Sri Lanka's President Gotabaya Rajapaksa and Prime Minister Ranil Wickremesinghe agreed to resign amidst widespread protests fueled by the nation's severe economic crisis.
  • Protesters, enraged by acute shortages of essential items, stormed both leaders' residences, setting the Prime Minister's home ablaze.
  • President Rajapaksa is slated to resign on Wednesday, July 13th, while PM Wickremesinghe will step down once a new government is formed to ensure a peaceful power transfer.
  • The resignations follow months of demonstrations that have challenged the Rajapaksa political dynasty, accused of mismanagement and corruption, as the country faces bankruptcy and seeks an IMF bailout.
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