Former Prime Minister Ranil Wickremesinghe on Sunday (10) accused the incumbent government of plunging the country into a deep economic and political crisis with its "incompetence in dealing with the financial challenges" while also stating that the utter failure has led to a situation where the people are standing in long queues.

Prolonged political uncertainty amid the ongoing financial crisis in Sri Lanka could thwart attempts to obtain external financing from key development partners, Moody’s Investors Services said.

(AP) - Sri Lanka’s national medical association warned Thursday that hospitals will be unable to provide even emergency services in coming weeks because of critical shortages of drugs and medical equipment caused by the country’s economic crisis, leading to a catastrophic number of deaths if supplies aren’t replenished.

Even though the entire cabinet of ministers including Basil Rajapaksa resigned amidst rising public anger against the government, the country's public finances are still controlled by the former finance minister, it is learnt.

Despite many doctors trying their hand at treating the Sri Lankan economy that was grasping for breath in the ICU for the last several years, it was only former minister Mangala Samaraweera who was able to provide the correct treatment to ensure that the patient was on its way to recovery, Prof. Rohan Samarajiva said.

Sri Lanka’s rupee has plunged to a record low to become the world’s worst-performing currency, as President Gotabaya Rajapaksa struggles to contain a worsening economic and political crisis.

Former Prime Minister and the Leader of United National Party (UNP) MP Ranil Wickremesinghe said in a special statement in parliament yesterday (05) that parliament should take responsibility and find a solution to the crisis as the executive has failed to act.

SLPP MP Bandula Gunawardena is to be sworn in as the new Minister of Finance before President Gotabaya Rajapaksa at the Presidential Secretariat, it is learnt.

A group of government MPs have decided to function independently in the parliament.

Four new Ministers were sworn in before President Gotabaya Rajapaksa at the Presidential Secretariat today (04) following the mass resignation of Cabinet Ministers amid an ongoing economic crisis.