Public anger is at a fever pitch, with crowds attempting to storm the homes of several government figures — including President Gotabaya Rajapaksa — and large demonstrations elsewhere.
Parliamentary Speaker Mahinda Yapa Abeywardana told politicians that more hardships were to come as the country appeared at the brink of a political impasse.
Hundreds of medical students stormed and occupied the health ministry in the capital Colombo on Wednesday. Source: Getty / NurPhoto
“We are told this is the worst crisis, but I think this is just the beginning,” Mr Abeywardana said at the start of a two-day debate on the worsening economic woes.
“The food, gas and electricity shortages will get worse. There will be very acute food shortages and starvation.”
The parliamentary session was disrupted twice as opposition lawmakers shouted slogans denouncing members of Rajapaksa’s once powerful ruling family and demanding they step down.
But chief government whip Johnston Fernando vowed that
to shepherd the country through the crisis.
“We say very clearly that he will not resign under any circumstances,” Mr Fernando said, drawing loud catcalls from opposition MPs.
Security forces have dispersed protests with tear gas, water cannon and rubber bullets, but a state of emergency imposed by the president last week to quell demonstrations was lifted at midnight.
Protesters hold placards during a demonstration against the surge in prices and shortage of fuel and other essential commodities in Colombo on 6 April, 2022. Source: Getty / Ishar S. Kodikara
Hundreds of medical students stormed and occupied the health ministry in the capital Colombo on Wednesday while spontaneous protests were reported from across the island where people were queued to buy fuel.
More than 60 people had been arrested in connection with the unrest and many have said they were tortured in police custody.
Legislators had pushed for a debate on the emergency decree during this week’s session of parliament, where the government has lost its majority after the desertion of political allies — several of whom have since called for Rajapaksa’s resignation.
Opposition parties had already rejected the president’s overture to form a unity administration after the resignation of nearly the entire cabinet late on Sunday.
But there has so far been no clear signal that opposition legislators will attempt a no-confidence motion to topple the Rajapaksa administration.
A critical foreign currency shortage has left Sri Lanka struggling to import essential goods, with the pandemic torpedoing vital revenue from tourism and remittances.
Members of the Government Medical Officers’ Association hold placards during a silent demonstration against Sri Lanka’s deepening economic crisis in Colombo on 6 April, 2022. Source: Getty / Ishara S. Kodikara
Rating agencies have warned of a potential default on Sri Lanka’s $51 billion (A$61 billion) foreign debt, and authorities are unable to raise more commercial loans because of credit downgrades.
Economists say the crisis has been exacerbated by government mismanagement, years of accumulated borrowing and ill-advised tax cuts.
Agriculture ministry secretary Udith Jayasinghe warned in December that the country could face a famine due to the government’s decision to ban agrochemical imports last year.
The decision, taken in an apparent effort to shore up foreign currency reserves, saw farmers leave their fields barren instead of toiling over crops without the aid of fertiliser and pesticides.
Mr Jayasinghe was sacked within hours of issuing his warning.
Sri Lanka has said it will seek an IMF bailout to overcome the crisis but negotiations are yet to begin, and the country’s latest finance minister resigned Tuesday after just one day in office.