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World Business Report: First broadcast 11/07/2022 14:32 GMT : Rajapaksa to resign: What next for Sri Lanka's economy?

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First broadcast 11/07/2022 14:32 GMT 

First broadcast 11/07/2022 14:32 GMT : Rajapaksa to resign: What next for Sri Lanka's economy?

Rajapaksa to resign: What next for Sri Lanka's economy?

BBC World Service - World Business Report, Rajapaksa to resign: What next for Sri Lanka's economy?

Sri Lanka's president Gotabaya Rajapaksa confirms he is to resign on Wednesday

Sri Lanka's president Gotabaya Rajapaksa confirms he is to resign, after thousands of protesters stormed both his and Prime Minister Ranil Wickremesinghe's official residences.

Sri Lanka's President Gotabaya Rajapaksa is to stand down on Wednesday. Thousands of protesters stormed both his and Prime Minister Ranil Wickremesinghe's official residences over the weekend. The president has been blamed for the country's economic mismanagement, which has caused dire shortages of food, fuel and medicine for months. The prime minister has also announced that he is standing down, but where does this leave the crisis-hit country? Independent policy analyst Amita Arudpragasm speaks to us from Colombo.

Elsewhere, the fallout from the collapse of Elon Musk's plan to buy Twitter continues. The Tesla boss has mocked the social media giant for threatening to sue him for cancelling the proposed $44bn buyout. Professor of Law at Columbia University in New York, John Coffee, talks us through all the ramifications.

Tensions grow in South Africa over continuing rolling power blackouts.

(Photo: Sri Lanka President Gotabaya Rajapaksa presents his national statement during day two of COP26 at SECC on 1 November, 2021, Glasgow. Credit: Getty Images)

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First broadcast 11/07/2022 14:32 GMT : Rajapaksa to resign: What next for Sri Lanka's economy?

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