Sri Lanka’s former president Gotabaya Rajapaksa left for the USA along with his household on Monday, a reporter for Sri Lanka’s Each day Mirror wrote on Twitter. Gotabaya Rajapaksa was pressured out of workplace earlier this yr following the nation’s financial disaster and unprecedented protests.

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Sri Lanka is at present going through an financial disaster whereas it waits for Worldwide Financial Fund (IMF) to formally approve USD 2.9 billion bailout package deal. IMF and Sri Lanka reached a staff-level settlement to help the financial insurance policies of the nation with a 48-month association.

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Earlier this yr, inadequate overseas reserves at Sri Lanka’s Central Financial institution and lack of entry to worldwide capital markets led to the nation defaulting on debt, marking a primary. Restriction on the import of chemical fertilizer, abrupt floating of the Sri Lankan rupee and the Covid pandemic led to the financial disaster within the nation which is massively depending on its tourism sector.