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Where Sri Lanka’s Inflation-Driven Crisis Could Head Next

  • President has said he won’t resign under any circumstances
  • Political turmoil makes it hard to talk with IMF, creditors
Anti-riot police officers attempt to block protesters during a protest in Colombo, on April 7.

Anti-riot police officers attempt to block protesters during a protest in Colombo, on April 7.

Photographer: Ishara Kodikara/AFP/Getty Images

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Sri Lankan President Gotabaya Rajapaksa is under pressure to step down as citizens hit the streets daily to demand accountability for decisions that have led to Asia’s fastest inflation, widespread power outages and shortages of food and fuel. 

His party’s once-formidable majority in parliament -- helmed by his brother, Prime Minister Mahinda Rajapaksa -- has been whittled away after dozens of lawmakers exited the coalition. The opposition now wants the executive presidency abolished and the remaining Rajapaksa family members to leave the government.