What’s Happening in Sri Lanka? What to know about the protests and economic crisis

People throng President Gotabaya Rajapaksa’s official residence for the second day after it was stormed in Colombo, Sri Lanka, Monday, July 11, 2022 (Photo: AP)Premium
People throng President Gotabaya Rajapaksa’s official residence for the second day after it was stormed in Colombo, Sri Lanka, Monday, July 11, 2022 (Photo: AP)
 wsj 4 min read . Updated: 12 Jul 2022, 07:03 PM IST Philip Wen, The Wall Street Journal

Political parties are working to form an interim government, while Sri Lanka waits to see if the president resigns Wednesday

Sri Lanka’s sovereign-debt crisis has crippled its economy and sparked months of political turmoil and public unrest. With its foreign reserves drained to near zero, the South Asian nation fell into default in May and has struggled to secure essential imports such as fuel and medicines.

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