Sri Lanka crisis: Opposition to move no-confidence motion against government
By Lokmat English Desk | Updated: April 8, 2022 13:40 IST2022-04-08T13:40:11+5:302022-04-08T13:40:26+5:30
Opposition leader Sajith Premadasa, chief of the Samagi Jana Balawegaya party on Friday said that his party would move ...

Sri Lanka crisis: Opposition to move no-confidence motion against government
Opposition leader Sajith Premadasa, chief of the Samagi Jana Balawegaya party on Friday said that his party would move a no-confidence motion in Parliament against the government if it does not take measures steps to look into the country's financial crisis.
For unreserved Sri Lanka is presently facing a foreign exchange shortage which has led to a fuel, power, and gas shortage, and has sought the assistance of friendly countries for economic assistance. Sri Lanka is witnessing at least 10-hour daily power cuts. Sri Lanka's currency has been also devalued by almost SLR 90 against the US dollar since March 8. Sri Lanka's economy has been in a free fall since the COVID-19 pandemic due to the crash of the tourism sector.