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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.


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

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