Posts Tagged ‘Economic Troubles’

HNewsWire-According to a governing party member, Sri Lanka’s cabinet has resigned amid growing public dissatisfaction with the government’s economic policies, which have resulted in increased living expenses and a currency crisis. In an interview with reporters in Colombo late Sunday, Education Minister Dinesh Gunawardena said, “We have submitted our resignations to the Prime Minister stating that we are prepared to depart at any moment.” A decision on what to do next will be made after consulting with the President. Sri Lanka, a small island country, is suffering from a currency crisis as well as food, gasoline, and pharmaceutical shortages that are becoming worse. Mass anti-government demonstrations over rising living expenses prompted a 36-hour curfew this past weekend. In response to demonstrations in the capital and outside the president’s residence over rising prices and widespread rolling blackouts lasting up to 13…