The Latest Breaking News from Gotabaya Rajapaksa

Sri Lankan business leaders are calling for an end to the country’s political instability amid public demands for the president to resign over alleged economic mismanagement, warning that failure to do so would lead to economic catastrophe

Sri Lanka's President Gotabaya Rajapaksa has yet to accept the resignation of Ali Sabry as finance minister, ruling party lawmaker Kanchana Wijesekera told parliament on Friday.

Sri Lanka's central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared due to crippling shortages of basic goods driven by a devastating economic crisis.

Last Sunday -- with two notable exceptions -- Sri Lanka's cabinet resigned en masse in protest against the government's handling of the worst economic crisis to hit the island in decades, which has sparked widespread rioting, unrest, and arson attacks on police property.

The tourism-reliant island nation faces one of its worst financial and political crises.

Sri Lanka’s national medical association is warning that hospitals will be unable to provide emergency services in coming weeks because of critical shortages of drugs and medical equipment caused by the country’s economic crisis, leading to a catastrophic number of deaths if supplies aren’t replenished

Sri Lanka must urgently seek funds from multilateral lenders and aim to restructure a debt payment due in July, its outgoing finance minister said on Thursday, pleading for political stability amid the country's worst economic crisis in decades.

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Speaker tells parliament ‘there will be very acute food shortages’ and economic crisis is ‘just the beginning’

In 2020, Mahinda Rajapaksa won elections to become Sri Lanka's prime minister, serving under his brother and president Gotabaya. In 2021, another sibling, Basil, was named finance minister, tightening the family's hold on power.

Sri Lanka's President Gotabaya Rajapaksa will not resign despite widespread protests against his handling of the country's economic crisis, a minister told parliament on Wednesday.