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Sri Lanka Streets Calm After State of Emergency Declared

The IMF will meet with Sri Lankan officials in a virtual meeting beginning on Monday, a statement from Masahiro Nozaki, the fund’s country mission chief said on Saturday


Sri Lanka's international creditors have formed a group to start debt restructuring talks with the embattled South Asian country.
Trade unionists protest in Colombo. Economic mismanagement and the Covid-19 pandemic hit have left the country of 22 million people battling its worst financial problems since its independence in 1948. File photo: Reuters.

 

Sri Lanka’s streets were calm on Saturday after the government declared a state of emergency following escalating protests over food, fuel and medicine shortages.

Police on Friday fired tear gas at demonstrators outside parliament, in the latest in more than a month of sporadically violent anti-government protests.

Details of the latest emergency regulations were not yet made public, but previous emergency laws have given greater powers to the president to deploy the military, detain people without charge and break up protests.

There were no initial reports of late-night disturbances following the emergency declaration shortly before midnight, while traffic proceeded as normal in Galle Face, a central area of Colombo that has been a major site of protests and marches.

Hit hard by the pandemic, rising oil prices and government tax cuts, Sri Lanka has been left with as little as $50 million in useable foreign reserves, the finance minister said this week.

The country has approached the International Monetary Fund for a bailout.

The IMF will meet with Sri Lankan officials in a virtual meeting beginning on Monday, a statement from Masahiro Nozaki, the fund’s country mission chief said on Saturday.

 

  • Reuters, with additional editing by George Russell

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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