The International Monetary Fund (IMF) headquarters building in Washington.
The International Monetary Fund (IMF) said on Tuesday that it is monitoring political and economic developments in Sri Lanka "very closely" as public unrest in the island nation grows amid its worst economic crisis in decades.
Sri Lanka's parliament will meet on Tuesday after President Gotabaya Rajapaksa dissolved his cabinet and sought to form a unity government to find a way out of the island nation's worst economic crisis in decades and quell public anger.
Rajapaksa on Monday dissolved the cabinet and appointed a new finance minister, while also seeking a new central bank governor.
Sri Lanka President Gotabaya Rajapaksa speaks during an event. File photo
"IMF staff is looking forward to program discussions with the authorities, including during the visit of the newly appointed Finance Minister to Washington later this month," IMF Sri Lanka mission chief Masahiro Nozaki told Reuters in an emailed statement.
The country of 22 million people has been suffering from a shortages of food, fuel and prolonged power cuts lasting up to 13 hours, triggered by a lack of foreign exchange that has stalled imports.
Opposition parties and even members of Rajapaksa's ruling alliance rejected the move for a unity government, setting the stage for a test of strength in parliament.
"You could see the composition of parliament changing today," said lawyer Luwie Niranjan Ganeshanathan, who specialises in constitutional issues.
The island nation of 22 million people has been hit by prolonged power cuts, with drugs, fuel and other items running short, bringing angry protesters out on the streets and putting President Gotabaya Rajapaksa under mounting pressure.
Details of the latest emergency regulations were not yet made public, but previous emergency laws have given greater powers to the president to deploy the military, detain people without charge and break up protests.
The island nation has reiterated its commitment to repaying the entire $4 billion owed to investors in the rest of 2022 but in the absence of incoming dollars some analysts believe the country could face its first-ever default.
Also, for the first time in the history of the weekly draw, 7 Emirati second prize winners have topped the list of 22 Arab winners representing Lebanon, Jordan Syria, Egypt, Oman and Yemen.
"The 1.5 billion euros ($1.5 billion) was brought to the table today. It's money that will be used in 2022, this year and next year," Danish Defence Minister Morten said during a news conference.
Lieutenant Colonel Muhammad Abdul Rahman Bin Qasmol, Acting Director of Wasit Comprehensive Police Station, honoured Ziyad Rashid Maydan in appreciation of his honesty and keenness to hand over a wallet containing official documents and a large sum of money, which he found in an area of Sharjah.