Protesters in Sri Lanka have attacked the private residence of Sri Lanka’s Prime Minister Ranil Wickremesinghe which they set on fire in the protests against the economic crisis that has devastated the Indian Ocean Island country since 2019.
The attack comes after an earlier attack on the President’s residence which attackers stormed into and occupied while the President Gotabaya Rajpaksa fled.
President Gotabaya Rajapaksa has agreed to step down on 13th July according to the Speaker of Parliament Mahinda Yapa Abeywardena.
The office of the Prime Minister has also informed the public that the Prime Minister Wickremesinghe has also agreed to resign.
The current economic crisis started in 2019 after President Gotabaya Rajapaksa took over poor and enacted policies which reduced government revenue, affected agriculture, Tourism and other sectors in turn making the country to run short of foreign exchange to import essential products.
— ANI (@ANI) July 9, 2022
The crisis was worsened by 2019 Easter bombings, COVID-19 pandemic and the 2022 Invasion of Ukraine all of which had a direct impact on Tourism one of the Sri Lanka’s leading contributors on GDP and foreign exchange in addition to impact on prices of commodities.
Protests started in March 2022 calling for the resignation of Rajapaksa administration whom the protesters where accusing of mismanaging the economy which resulted into frequent power cuts, hyper inflation which by July 7th had reached 60% and inflation of food products at 80%, corruption and nepotism of Rajapaksa family, high costs of living and shortage of essential products.
The country has since then declared a State of Emergency as they look forward to handling the protests which have paralyzed the capital Colombo.