{"id":62364,"date":"2022-04-03T15:10:36","date_gmt":"2022-04-03T20:10:36","guid":{"rendered":"https:\/\/olduvai.ca\/?p=62364"},"modified":"2022-04-03T15:10:36","modified_gmt":"2022-04-03T20:10:36","slug":"sri-lanka-cabinet-offers-to-resign-as-out-of-control-inflation-sparks-widespread-social-unrest","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=62364","title":{"rendered":"Sri Lanka Cabinet Offers To Resign As Out-Of-Control Inflation Sparks Widespread Social Unrest"},"content":{"rendered":"
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Sri Lanka Cabinet Offers To Resign As Out-Of-Control Inflation Sparks Widespread Social Unrest<\/a><\/h3>\n<\/header>\n
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Update (1535ET):<\/strong><\/u><\/em>\u00a0Bloomberg reports that\u00a0Sri Lanka\u2019s cabinet has submitted its resignation,<\/strong>\u00a0a ruling party member said, amid rising public anger about the government\u2019s economic policies that have led to soaring living costs and a foreign exchange crisis.<\/p>\n

\u201cWe gave resignations to the Prime Minister saying we are willing to leave at any time,\u201d\u00a0<\/strong>Education Minister Dinesh Gunawardena told reporters in Colombo late Sunday.<\/p>\n

\u201cAfter discussing with the President the steps to be taken will be decided.\u201d<\/p><\/blockquote>\n

*\u00a0 *\u00a0 *<\/p>\n

As we detailed earlier, the tiny island nation of Sri Lanka is experiencing\u00a0worsening shortages<\/a>\u00a0of food, fuel, and medicine amid a foreign exchange crisis. A 36-hour curfew went into effect this weekend as mass anti-government protests over soaring living costs are underway.<\/p>\n

Bloomberg<\/a>\u00a0reports that President Gotabaya Rajapaksa imposed a state of emergency on Friday after soaring inflation and widespread rolling blackouts for up to 13 hours a day resulted in protests in the capital and at the president’s private home. The emergency order gives authorities sweeping powers to detain and quell protests to restore public order.<\/p>\n