His first action as leader included dismantling the protest tents in the middle of the night as police forcibly removed demonstrators from the site and attacked them.
SPARK PEOPLE CRACKED
Before Rajapaksa resigned, his older brother stepped down as prime minister and three more close family members quit their Cabinet positions.īut the country's new president, Wickremesinghe, has since cracked down on protests. The demonstrations dismantled the Rajapaksa family's grip on politics. In this file photo, then-Sri Lankan President-elect Gotabaya Rajapaksa waves to supporters as he leaves the election commission after the announcement of his victory in Colombo, Sri Lanka, on Nov. On Tuesday, President Ranil Wickremesinghe, who took over after Rajapaksa resigned, and his administration reached a preliminary agreement with the International Monetary Fund for a $2.9 billion bailout package over four years to help the country recover. The country's total foreign debt amounts to more than $51 billion, of which $28 billion has to be repaid by 2027.
The island nation has suspended repayment of nearly $7 billion in foreign debt due this year. Though cooking gas supplies were restored through World Bank support, shortages of fuel, critical medicines and some food items continue. The economic meltdown has seen monthslong shortages of essentials such as fuel, medicine and cooking gas due to a severe shortage of foreign currency. The situation in the bankrupt country was made worse by global factors like the pandemic and Russia's invasion of Ukraine, but many hold the once-powerful Rajapaksa family as responsible for severely mismanaging the economy and tipping it into crisis.
SPARK PEOPLE FREE
We're very excited that we can open up our website and app for this business while keeping it free to help all individuals and organizations in the United States achieve their health and fitness goals.For months, Sri Lanka has been in the grips of its worst economic crisis, which triggered extraordinary protests and unprecedented public rage that ultimately forced Rajapaksa and his brother, the former prime minister, to step down. Not only does this business model allow us to expand our health offerings to more people, but it also does a much better job of paying the bills and will likely allow us to hire more people over time to keep improving our tech offerings.
SparkAmerica is part of our new business model, in which we work with companies and organizations to help keep their employees healthy with PeopleOne Health. Unfortunately, it costs many millions of dollars per year to run SparkPeople, and the burden eventually became too much. With many larger technology companies emerging in the health and fitness space, we struggled to compete for the same advertising dollars that would keep the site online and alive. SparkPeople's business model has always been free and was driven by advertiser support, a model that became difficult to maintain in recent years. We want to thank you for inviting us to be a part of your journey and for the privilege of earning your support and enthusiasm for the brand.
SPARK PEOPLE FULL
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