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BREAKING
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Sri Lankan PM: Economy has collapsed

  • By Al Mayadeen English
  • Source: Agencies
  • 23 Jun 2022 09:06
3 Min Read

The Island is facing its worst-ever economic crisis.

  • x
  • Sri Lankan PM: Economy has collapsed

Sri Lanka's debt-ridden economy has "collapsed" following months of food, gasoline, and energy shortages, the prime minister told parliament, emphasizing the country's precarious predicament as it seeks assistance from foreign lenders.

Sri Lanka is experiencing its worst economic crisis, with the country unable to import basic necessities, most notably food, fuel, and medicines.

Ranil Wickremesinghe told parliament that the South Asian country is in a "far more serious situation" than only food shortages, and he warned of a "possible fall to rock bottom."

On Wednesday, he said, "Our economy has completely collapsed."

Read more: UN worries Sri Lanka could lead to humanitarian disaster

His remarks appeared to be meant to emphasize to critics and opposition politicians that he has inherited a difficult challenge that would take time to resolve.

Anit Mukherjee, a policy fellow and economist at the Center for Global Development in Washington, stated the PM was "setting expectations really, really low."

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Sri Lankan PM resigns, parliament speaker becomes interim

The Sri Lankan economy is collapsing under the weight of massive debts, reduced tourism earnings, and other pandemic-related repercussions, as well as rising commodity prices. As a result, the country is on the verge of bankruptcy, with little money to import fuel, milk, cooking gas, and toilet paper.

Lawmakers from the two main opposition parties are boycotting parliament this week in protest of Wickremesinghe, who became Prime Minister and Finance Minister a little over a month ago, for failing to deliver on his promises to turn the economy around.

Wickremesinghe stated that due to a large debt owed by its petroleum firm, Sri Lanka is unable to acquire foreign fuel.

Days ago, Sri Lankan officials reported that the military opened fire to quell rioting at a fuel station, as unprecedented lines for petrol and diesel formed across the bankrupt country.

The country's 22 million people have been suffering from acute shortages and long lines for scarce supplies, while President Gotabaya Rajapaksa has resisted calls to resign over mismanagement for months.

In addition, the country is experiencing record-high inflation and lengthy power outages, all of which have contributed to months of protests.

It has also defaulted on its $51 billion foreign debt in April and is negotiating a bailout with the International Monetary Fund.

  • Prime Minister Ranil Wickremesinghe
  • Sri Lanka

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