Sri Lanka accepts President Gotabaya Rajapaksa’s resignation after letter flown from Singapore | World News & More Latest News

Sri Lanka’s parliament has accepted a letter of resignation from President Gotabaya Rajapaksa.

The letter was flown from Singapore late on Thursday, and its authenticity has now been verified.

The embattled president had initially despatched an e-mail to verify he was stepping down.

Speaker Mahinda Yapa Abeywardena says a brand new president will likely be appointed “quickly and successfully” – with the method set to be accomplished inside seven days.

Mr Rajapaksa’s resignation follows months of protests sparked by anger over an financial disaster within the nation.

He fled Sri Lanka on Wednesday with protesters storming the president’s house and the official residence of the prime minister.

Prime minister Ranil Wickremesinghe has been sworn in as interim president till Mr Rajapaksa’s successor is elected.

Mr Rajapaksa had initially fled to the Maldives on a army jet alongside together with his spouse and two safety guards, however later travelled onwards to Singapore.

There have been jubilant scenes within the capital Colombo after the resignation was confirmed – with crowds setting off firecrackers and dancing within the streets.

Sri lankan's celebrate

Next president to serve the rest of time period

The new selection as president will serve the rest of Mr Rajapaksa’s time period, which ends in 2024.

That individual might doubtlessly appoint a brand new prime minister, who would then need to be authorized by parliament.

The agenda for the weekend assembly will likely be selected Friday, and voting for the following president in
parliament was scheduled for 20 July.

Mr Wickremesinghe will act because the interim president and he’s additionally the primary selection of the ruling occasion to take over full time, although no resolution has been taken.

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Crisis sparked by shortages

Street protests in opposition to Sri Lanka’s financial disaster have simmered for months and got here to a head final weekend when
tons of of hundreds of individuals took over authorities buildings in Colombo, blaming the Rajapaksa household and allies for runaway inflation, shortages of primary items and corruption.

The household has denied the corruption allegations, however Mr Rajapaksa acknowledged that a few of his insurance policies contributed to the meltdown.

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What has led to Sri Lanka’s disaster, and the way can it get well?

The speedy financial decline has been all of the extra surprising as a result of earlier than this disaster the economic system had been increasing, with a rising, comfy center class.

Sri Lanka had begun preliminary discussions with the International Monetary Fund a few potential bailout mortgage, however these have been interrupted by the most recent authorities chaos.

Mr Rajapaksa was a part of certainly one of Sri Lanka’s strongest political households within the nation’s post-independence historical past.

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