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Sri Lanka’s former President has stepped down — but larger problems loom for the crisis-hit country

Colombo, Sri Lanka (CNN) – Sri Lanka’s President Gotabaya Rajapaksa, who fled the country earlier this week, has formally resigned, the parliamentary speaker confirmed Friday, capping off a chaotic 72-hours in the crisis-hit nation that saw protesters storm the capital. The President’s departure from office marks a major victory for the protesters, who for months …

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What’s next for Sri Lanka as angry protesters occupy their leaders’ luxury houses?

(CNN)Angry protesters who stormed the official residences of Sri Lanka’s President and Prime Minister succeeded in forcing them to resign on the weekend as the country lurches further into crisis.   However, the protesters say they won’t leave the luxury houses until both leaders have vacated their roles. President Gotabaya Rajapaksa is expected to step down …

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Sri Lanka is ‘bankrupt,’ Prime Minister says

Colombo, Sri Lanka (CNN) – Sri Lanka is “bankrupt,” Prime Minister Ranil Wickremesinghe said Tuesday, as the country suffers its worst financial crisis in decades, leaving millions struggling to buy food, medicine and fuel. Wickremesinghe told lawmakers that negotiations with the International Monetary Fund (IMF) to revive the country’s “collapsed” economy are “difficult,” because the …

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