Dont quit poster
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The most egregious of these was a $1bn port financed by China it was eventually handed over to Beijing on a 99-year lease in 2017 when Sri Lanka was unable to meet its repayments. The government also took on considerable foreign debt to finance ambitious (and highly questionable) infrastructure projects. But the country’s foreign currency reserves have been all but exhausted as imports have consistently exceeded exports over many years. Sri Lanka once boasted among the highest median income levels in the region, with a sizeable middle class and one of the most highly educated populations in South Asia. Events and Offers Sign up to receive information regarding NS events, subscription offers & product updates. Ideas and Letters A newsletter showcasing the finest writing from the ideas section and the NS archive, covering political ideas, philosophy, criticism and intellectual history - sent every Wednesday. Weekly Highlights A weekly round-up of some of the best articles featured in the most recent issue of the New Statesman, sent each Saturday. The Culture Edit Our weekly culture newsletter – from books and art to pop culture and memes – sent every Friday. Green Times The New Statesman’s weekly environment email on the politics, business and culture of the climate and nature crises - in your inbox every Thursday.
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The New Statesman Daily The best of the New Statesman, delivered to your inbox every weekday morning. World Review The New Statesman’s global affairs newsletter, every Monday and Friday. The Crash A weekly newsletter helping you fit together the pieces of the global economic slowdown. Morning Call Quick and essential guide to domestic and global politics from the New Statesman's politics team. Sign up for The New Statesman’s newsletters Tick the boxes of the newsletters you would like to receive. The crowds have demanded that both Rajapaksa and Wickremesinghe resign (they had earlier set fire to the latter’s private residence), along with the entire cabinet, but instead Wickremesinghe declared a state of emergency and a curfew. The protesters responded by storming Wickremesinghe’s office and entering the headquarters of the state television broadcaster, where they briefly disrupted transmission.
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Rajapaksa – widely known as “Gota” – fled the country on a military jet in the early hours of 13 July without resigning, appointing the prime minister, Ranil Wickremesinghe, acting president. Some took selfies in the luxurious four-poster bed and lifted weights in the presidential gym others leaped into the swimming pool.īut the crisis was not over. Now they roamed the opulent residence, mobile phones in hand, documenting its extravagance. Many had walked for hours to reach the commercial capital, Colombo, to protest over the government’s handling of a worsening economic crisis that has caused severe shortages of food, fuel and medicines. In the hours after the Sri Lankan president Gotabaya Rajapaksa agreed to resign on 9 July, the crowds of protesters who had taken over the presidential palace celebrated what felt like a historic victory. Parliament was due to convene on 16 July to begin the process of electing a new leader. Editor’s note: This piece was originally published on 13 July 2022 and has been updated in light of recent events. On 15 July, the speaker of Sri Lanka’s parliament announced that he had accepted Gotabaya Rajapaksa’s resignation and prime minister Ranil Wickremesinghe was sworn in as interim president.