Mahinda Rajapaksa Resigns as Prime Minister of Srilanka

Published on May 10, 2022
Current Context: Following a financial emergency, the Prime Minister of Srilanka resigned.
Mahinda Rajapaksa Resigns as Prime Minister of Srilanka
  • The economic policies of the Sri Lankan government, which included a sudden shift to organic farming, fuelled by the harsh impact of COVID 19 made the Srilankan economy vulnerable.
  • India extended a credit line of 1 bn USD in addition to essential supplies. Srilankan government approached the International Monetary Fund under Rapid Financing Instrument for bail-out assistance of 4 bn USD.
  • Srilanka became a partner to China's Belt and Road initiative and her borrowings made the situation even worse, so much so that Srilanka had to lease Hambantota port to the Chinese government.

Question:

Q.1 Which country is Sri Mahinda Rajapaksa related to?
a. Lesotho
b. Myanmar
c. Srilanka
d. Seychelles
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