The Managing Director of the International Monetary Fund has blamed “mismanagement” in Sri Lanka for the ongoing economic crisis, which has seen the prices of basic goods soar and a shortage of essential medicines.

“It is breaking my heart to watch the pictures of what is happening in the country, that was once quite prosperous,” Kristalina Georgieva told India’s NDTV at Davos.

Immediately following the week of Mullivaikkal commemorations, the Sri Lankan Navy continued its occupation of the Tamil-inhabited North-East under the guise of a mangrove planting drive. 

The planting drive was conducted in coastal areas of Mandaitivu Island and Ponnalai Lagoon, Jaffna "under the leadership of Commander Northern Naval Area, Priyantha Perara". 

Sri Lanka’s Attorney General has informed the court that several individuals, including Sri Lanka’s former Prime Minister, Mahinda Rajapaksa, have failed to hand in their passports to court despite being ordered to do so.

The revelation follows unrest in Colombo in which the houses of government-aligned politicians were set alight and pro-Rajapaksa mobs clashed with anti-government demonstrators. Prime Minister Rajapaksa was forced to flee his home and sought shelter in a heavily guarded Navy camp in Trincomalee.

Aruni Wijewardane, a career civil servant, has been appointed Sri Lanka’s new foreign secretary replacing a former Navy admiral Jayanath Colombage, who stands accused of overseeing the Illegal detention and torture site known as “Gota's Camp” within the Trincomalee Naval Complex.

Ranil Wickremesinghe, Sri Lanka’s current Prime Minister, has been appointed as the country’s Finance Minister amidst the ongoing economic crisis.

Last week the country officially defaulted on its international debt as it failed to make a payment worth an estimated $78m. Sri Lanka has become the first Asia-Pacific country in decades to default on foreign debt.

A Tamil youth who was arrested by Sri Lankan authorities under the Prevention of Terrorism Act (PTA) in 2009 and tortured, has finally been acquitted of all charges today.

Sundaralingam Ketheeswaran from Kaluvanchikudy in Batticaloa was just 21-years-old when he was arrested under the draconian PTA on March 18, 2009.

Sri Lankan authorities claimed that he was a “member of a terrorist organisation” and had killed 2 policemen.

Australia’s newly elected Labor government confirmed that a group of asylum seekers who were fleeing from Sri Lanka have been sent back to the island, after their vessel was intercepted by Australian authorities last week.

Deputy Prime Minister Richard Marles confirmed in an interview with Sky News Australia that the asylum seekers were ‘processed’ under Operation Sovereign Borders and then flown back to Sri Lanka on a chartered aircraft.

After Labor leader Anthony Albanese emerged victorious in Australia’s election last week, fresh hope has been raised for the Murugappan family, a Tamil family of asylum seekers who were removed by Australian authorities from their home in Biloela almost four years ago.

Sri Lanka’s President Gotabaya Rajapaksa swore in 8 new cabinet ministers on Monday but has kept himself as minister of finance as he continued to defy calls to resign from anti-government protestors.

Since the appointment of Ranil Wickremesinghe as prime minister earlier this month, Rajapaksa has now appointed a total of 10 new ministers.

Despite a 40,000 metric tonne consignment of petrol having arrived in Sri Lanka under an Indian credit facility just yesterday, the country’s cabinet has cleared a proposal to seek a further US$500 million from New Delhi for more.

The 40,000 MT shipment is one of at least four fuel shipments from India that have currently been agreed under a fuel credit line. The line was extended by US$200 million dollars, with three shipments having arrived so far.