Displaying items by tag: mismanagement

The prime minister, the president with his family, and his brother the finance minister all fled the country after thousands stormed the president’s residence, demanding their removal for mismanaging the economy and causing Sri Lanka’s financial ruin. The nation hoped these departures would end the family dynasty that has dominated Sri Lanka's politics for two decades. President Gotabaya Rajapaksa, speaking from the Maldives, said he would step down by 13 July but his resignation letter did not arrive, causing further clashes between riot police and protesters in which 84 were injured and one killed. A curfew is in place in a bid to ward off any further protests and troops secured the parliament building in armoured personnel carriers. If Mr Rajapaksa resigns as planned, Sri Lankan MPs have agreed to elect a new president on 20 July to serve until 2024. There is concern that if the president does not publicly quit, the people will continue demonstrating and the military will be increasingly involved.