Sri Lanka: President Confirms Resignation

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Sri Lanka’s President Gotabaya Rajapaksa has informed Prime Minister Ranil Wickremesinghe that he will resign as previously announced.

After Saturday’s (July 9) sweeping protests in the wake of a debilitating economic crisis, the speaker of parliament said Rajapaksa would resign on Wednesday (July 13). However, there has been no direct word from Rajapaksa on his plans.

Rajapaksa and Wickremesinghe were not in their residences when the protesters surged into the buildings and have not been seen in public since Friday (July 8). Their whereabouts are unknown.

The political chaos could complicate efforts to pull Sri Lanka out of its worst economic crisis in seven decades, triggered by a severe shortage of foreign currency that has stalled imports of essentials such as fuel, food and medicines.

The financial meltdown developed after the COVID-19 pandemic hammered the tourism-reliant economy and slashed remittances from overseas workers.