Sri Lanka has begun negotiating an IMF bailout after a “soft” default of interest payments on its sovereign debt in April. Mr. P. Nandalal Weerasinghe, who just got the job as the head of the central bank in Sri Lanka, has started laying out some of the steps that need to be taken to get the economy back on track.
Fuel rationing has begun in practice, with hotels and tourist vehicles receiving priority, making the process more structured and predictable.
The protests continue all over the country, but the largest one is currently taking place in Colombo around Galle Face Green. The protests continue to be overwhelmingly upbeat, hopeful, and peaceful for the most part.