The crisis in Sri Lanka sends a warning to other indebted economies

Uncertainty over Sri Lanka’s leadership set in on Sunday as protesters continued to occupy the president’s residence a day after storming it, and the fate of President Gotabaya Rajapaksa remained unknown.

The president has yet to respond directly to the parliament speaker’s announcement that Mr Rajapaksa would step down on Wednesday. His only communication since massive protests engulfed his official residence was a statement from his office directing officials to expedite the distribution of a shipment of natural gas that was due to arrive on Sunday.