Public demonstrations, political protests calling for the government to resign, and long queues at gas stations and grocery stores have been a regular feature in Sri Lanka for the last few weeks.

Sri Lankan President Gotabaya Rajapaksa declared a state of emergency on Friday following a day of anti-government strikes and protests over the country's deep economic crisis that saw police use tear gas on two occasions.

Sri Lanka’s president has agreed to replace his older brother as prime minister in a proposed interim government to solve a political impasse caused by the country’s worst economic crisis in decades, a prominent lawmaker said Friday.

The World Bank has agreed to provide Sri Lanka with $600 million in financial assistance to help meet payment requirements for essential imports, the Sri Lankan president's media division said in a statement on Tuesday.

With financial crisis-ridden Sri Lanka having announced a temporary suspension of its debt payment, India is reportedly willing to step in and provide financial assistance of another two billion dollars to the nation.

When Bangladesh agreed to provide $250 million to Sri Lanka last year, little did it think that it would become a side character in the horror show that is unfolding in the island nation.

Prime Minister Sheikh Hasina in the parliament today ruled out the possibility of a Sri Lanka-like economic crisis in Bangladesh, stating that the country’s economy is “very strong”.