Colombo: The situation in Sri Lanka is still not under control. Several protestors have started arriving from other parts of the country to Colombo. The protestors in Colombo are firm that the agitation will continue till President Gotabaya Rajapaksa resigns. Rajapaksa, who fled the Presidential residence, expressed willingness to resign on the 13th of July. The opposition parties have agreed on an all-party government following his resignation. Therefore, the talks are that the domination of the influential Rajapaksa family has ended in Sri Lanka.
Protestors stormed the Presidential residence and took control of the property. It is claimed that the protestors found more than 17.8 million Sri Lankan Rupees in the house. Videos of protestors counting the notes have gone viral on social media. At the same time, the protestors are also angry with Prime Minister Wickremesinghe. As per reports, the military stopped the protestors from attempting to set his house on fire.
Sri Lankan military chief General Shavendra Silva said that an opportunity to resolve the crisis faced by the country had been presented as President Rajapaksa has offered to resign. General Silva appealed that the people should now exhibit restraint and cooperate in the political process.
However, the opposition parties have agreed on an all-party government. The United States and European Union have appealed that Sri Lanka expedites the political process. The US department of state said that the political parties must take rapid steps. 
The other leading countries also seem to have similar expectations from Sri Lanka. Meanwhile, Sri Lanka is grappling with a severe shortage of food and fuels, and the lack of other essential commodities also is causing severe hardships.
Most importantly, Sri Lanka does not have the foreign currency to import these items. In this scenario, Sri Lanka has no option but to take a loan from the International Monetary Fund (IMF). But the IMF has put a condition that Sri Lanka must reveal the details of the amounts and the applicable requirements for Chinese loans. Sri Lanka is not willing to disclose this information. This has created a different kind of crisis for Sri Lanka.
If a government without any representation of the Rajapaksa family comes into power, Sri Lanka can reveal the details of the Chinese loans. It is hoped that the IMF will be willing to consider loans for Sri Lanka. But as per analysts, the IMF will lend money to Sri Lanka only on stringent conditions.
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