The country's "bankruptcy" and the presidential prime minister resigned, what happened to this country?

Author:Nine Pai News Time:2022.07.11

[Source: China News Network, Global Network]

Large -scale demonstrations broke out recently. Following the Prime Minister Vikramazinha was willing to resign, the latest news from Prime Minister Sri Lang said that President Rajapaksa notified the Prime Minister officially announced his resignation on the 11th. The analysis believes that the situation in Sri Lanka is chaotic, and it is still unknown whether the establishment of a new government can be done.

Small mission of the demonstration, the president urges to stay calm

Speaker Abvadner said that President Rajapaksa decided to resign, to ensure the peaceful transition of the regime and keep the country peaceful. Abvadner also requires all civil servants and the public to respect the law, keep calm, and ensure that daily activities are carried out smoothly.

On July 9, local time, protests broke out on the 9th of the Sri Lanka capital, and a large number of protesters broke into the presidential residence.

According to the Sri Lanka Constitution, the president and the Prime Minister will be in the post of president of the temporary period after resigning, and the transition time will not exceed 30 days. Local meetings on the 10th party party on the 10th and discussed the new government.

At present, the situation of Colombo is slightly eased. Many people still stay in the Presidential Palace. Members of the Security Forces stand outside the door with a rifle, but they did not stop the people from entering. According to local media reports, dozens of people were injured in protests.

On July 9, Coronapo, the capital of Sri Lanka, the police used tear gas to dispel demonstrators.

The "state bankruptcy" economic crisis has continued to intensify

Sri Lanka's economic crisis has been approaching for nearly a year. The local inflation rate soared to 54.6%in June, and food prices increased sharply by 80%. It is expected that the inflation rate will rise to 70%in the next few months.

Over the past few months, Sri Lanka has faced the problems of high prices, tight power supply, food and drugs and other necessities. The authorities issued the remaining people in addition to the employees of important positions such as medical care on the 17th of last month. The local area was suspended at the end of last month to sell fuel to the public, providing fuel for public transport and medical basic services. The school suspension time was also extended to deal with the crisis of fuel shortage.

Sri Lanka Prime Minister Vikramaxa said to Parliament last week that "the country has bankruptcy" and said that the unprecedented economic crisis "will last at least until the end of 2023".

On March 25, Coronapo, the capital of Sri Lanka, lined up to buy fuel.

Political uncertainty increases IMF negotiations affected

At present, Sri Lanka is negotiating with the International Monetary Fund (IMF), hoping to seek $ 3 billion in rescue funds, and at the same time negotiate debt reorganization with foreign creditors.

However, Prime Minister Vikramainha acknowledged that, as a "bankruptcy country" instead of developing countries, negotiations with the IMF have been difficult. Analysis states that the President of Sri Lanka's steps down to exacerbate political uncertainty may further affect the negotiations between Sri Lanka and the IMF.

The analysis also believes that the situation in Sri Lanka is chaotic and whether the formation of a new government can be questioned. Political analyst Perera said that the details of the transfer of power in Sri Lanka were still uncertain, and the resignation of the Presidential Prime Minister was likely to cause "dangerous power real vacuum period." Although the Speaker can appoint the new government, it remains to be observed whether it can be accepted by the public.

Original title: "The President's resignation or triggers the situation of power in the vacuum period of power in Sri Lanka? "

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