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Sri Lanka's economic crisis deepens; cabinet ministers offer to resign

The debt-laden country is struggling to pay for imports of fuel and other essentials due to a severe shortage of foreign currency

Sri Lankans participate in a protest demanding president Gotabaya Rajapaksa resign, before the beginning of curfew in Colombo, Sri Lanka, Saturday, April 2, 2022.  (AP Photo/Eranga Jayawardena)
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Sri Lankans participate in a protest demanding president Gotabaya Rajapaksa resign, before the beginning of curfew in Colombo, Sri Lanka, Saturday, April 2, 2022.  (AP Photo/Eranga Jayawardena)

Reuters Colombo
The son of Sri Lanka's prime minister resigned from the cabinet on Monday and several other members have offered to do so, a minister said, just days after President Gotabaya Rajapaksa declared a state of emergency following protests over an economic crisis.

The debt-laden country is struggling to pay for imports of fuel and other essentials due to a severe shortage of foreign currency, leading to hours-long power cuts and widespread demonstrations that continued despite a weekend curfew.

Traffic was back on the streets of the country's main city Colombo on Monday, but there were reports of sporadic and peaceful

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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