Sri Lanka crisis highlights: Ousted president Gotabaya Rajapaksa said in his resignation letter that he took “all possible steps” to avert the Sri Lankan crisis. The president’s letter was read out at a special session of the Parliament on Saturday. In other news, Sri Lanka received the first of three fuel shipments on Saturday, Energy Minister Kanchana Wijesekera said, reported PTI. These are the first shipments to reach the country in about three weeks.
Sri Lanka’s economy is likely to contract by more than 6% this year as political instability and social unrest affect discussions on financial relief with the IMF, the country’s central bank governor told The Wall Street Journal in an interview.
Sri Lanka’s acting President Ranil Wickremesinghe, main Opposition leader Sajith Premadasa are among the four leaders who have joined the race to become the country’s next President as the lawmakers met on Saturday to start the process of electing a new president to succeed Gotabaya Rajapaksa, who resigned after unprecedented protests against his government over the country’s economic collapse. Besides Wickremesinghe and Premadasa, Marxist JVP leader Anura Kumara Dissanayake and Dullas Alahapperuma, a breakaway SLPP candidate, are the other two leaders who have so far announced their candidacy to contest the July 20 vote in Parliament to succeed Rajapaksa for the rest of his term until November 2024 after he resigned on Thursday.