IMF chief Kristalina Georgieva on Saturday warned officials from the Group of 20 major economies to take urgent action to combat inflation, warning that the “exceptionally uncertain” global economic outlook could turn worse if higher prices persisted.

The Justice Ministry is looking at means by which former parliamentarian Ranjan Ramanayake can be granted a pardon, after Acting President Ranil Wickremesinghe gave directions to initiate the process.

Sri Lankan lawmakers met Saturday to begin choosing a new leader to serve the rest of the term abandoned by the president who fled abroad and resigned after mass protests over the country’s economic collapse.

National People’s Power (NPP) leader Anura Kumara Dissanayake says that he will contest for the Presidency as the candidate of the National People’s Power.

Sri Lanka’s opposition leader, who is seeking the presidency next week, vowed Friday to “listen to the people” who are struggling through the island nation’s worst economic crisis and to hold accountable the president who fled under pressure from protesters.

The National Fuel Pass has been introduced in Sri Lanka today (July 16) by the Power and Energy Ministry of Sri Lanka.

The Secretary General of Parliament of Sri Lanka officially announced in the House this morning (July 16) that the office of President of Sri Lanka has fallen vacant.

Sri Lanka’s Opposition Leader Sajith Premadasa says that he will contest for the Presidency.

Sri Lanka is continuing negotiations with China for as much as US$ 4 billion in aid and is confident Beijing will agree “at some point,” Bloomberg News reported on Friday (Jul 15), citing Sri Lanka’s ambassador to China.

The Supreme Court of Sri Lanka today (July 15) issued an order barring Former Prime Minister Mahinda Rajapaksa and Former Finance Minister Basil Rajapaksa from leaving the country until the 28th of July.

Sri Lanka Podujana Peramuna (SLPP) has decided to support Acting President Ranil Wickremesinghe in the parliamentary vote on July 20, which will elect a new President.

The Governor of Sri Lanka’s Central Bank, Nandalal Weerasinghe, has warned that the country may shut down if no stable government is formed soon.

Parliamentarian Dullas Alahapperuma says he will contest for the Presidency when nominations are called next week in Parliament of Sri Lanka.

Sri Lanka’s Acting President Ranil Wickremesinghe, delivering a special statement, said that he would not allow any action that is in violation of the Constitution of Sri Lanka.

Sri Lanka’s Prime Minister Ranil Wickremesinghe was sworn in as Acting President before Chief Justice Jayantha Jayasuriya a short while ago.

Speaker of the Parliament of Sri Lanka Mahinda Yapa Abeywardena has detailed the procedure for the election of a President when the office is vacant.