Sri Lanka Update 14 July, 2022

In the space of one week Sri Lanka has turned into a real-life reality TV show. If the situation weren’t so dire for Sri Lankans, I’d dare label the situation there as quality entertainment. Unfortunately, living conditions on the island continue to deteriorate as the political situation grows increasingly muddled. Even more alarming is the frail state of Sri Lankan society. Make no mistake about it, the island nation is on the verge of a complete collapse.

Sri Lankan President Gotabaya Rajapaksa’s aircraft has landed in Singapore. After departing Colombo, Rajapaksa flew to the Maldives before winging his way east. There are reports surfacing that Jeddah will be his next destination. The purpose behind his tour could be to garner international support for an effort to remain in power. The president has not submitted a letter of resignation as promised, meaning he is still the rightful leader of Sri Lanka. Parliament is moving to strip him of his presidential powers though. The appointment of Prime Minister Ranil Wickremesinghe as acting president only made the situation worse and incensed protesters. His office was taken over by protesters, leading to a number of clashes between security forces and civilians. A state of emergency was declared, as well as a curfew. Right now, Colombo has settled into an uneasy calm. Protesters have withdrawn from the presidential residence and Wickremesinghe’s office but remain in the president’s office.

Until the political situation stabilizes, negotiations between the government and the IMF are on hold. An agreement with the IMF is essential to lay the groundwork for an economic recovery. However, as it stands right now, there will be no progress made on this front until the vacant presidency seat is filled and calm returns to Sri Lanka. It could be a long time until that happens as the island nation remains in turmoil without an end in sight.

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