Along the sea front of Colombo, few people seemed to realise the new prime minister had addressed the nation.
But they weren’t surprised to hear it was more bad news.
Renuka Sirimanne was out walking with her children and told Sky News that life is getting more difficult. She said she’s worried about her children’s future because they “can’t get a good education here”.
Another man Sky News spoke to agreed. He has sent his son to Australia to study accusing the Rajapaksa political dynasty of “looting” the country.
Mohammad Sheikh Ali also blamed the government and called for a new political system.
As for the decision to privatise Sri Lankan Airlines, Sheikh Ali said it’s unfortunate the country is losing another resource and there will be no real development in Sri Lanka while it’s printing money to pay salaries.
He also added that the government had wasted millions of dollars on unnecessary infrastructure projects over the last few years.
Manusha Jayathilaka is an entrepreneur in the creative field based in the city and she believes Sri Lanka is in “survival” mode and the political leadership needs to get the nation “running” again.
The prime minister made it clear in his address that Sri Lankans are in for tough times ahead. He called the situation “terrifying”. People here are bracing for the worse.
The Indian Ocean island nation faces its worst economic crisis since independence in 1948 and is on the brink of bankruptcy.
It has been hit hard by the COVID pandemic, rising oil prices and populist tax cuts by President Gotabaya Rajapaksa and his elder brother, former prime minister Mahinda Rajapaksa.
A chronic foreign exchange shortage has led to rampant inflation and acute shortages of medicine, fuel and other essentials, bringing thousands of people out on to the streets in protest.
The country has suspended repayments of $7bn (£5.7bn) in foreign loans due this year.
The IMF has said any short or long-term assistance depends on the outcome of talks with creditors on loan restructuring. It must repay about $25bn in foreign loans by 2026 out of a current total foreign debt of $51bn.
Protests have been taking place on the island nation of 22 million people since the end of March between pro-government supporters and those calling for an immediate change in authority.
An MP was killed last week in a stand-off with protesters and the homes of other politicians set on fire in violence across the country.
Extracted in full from: Crisis-hit Sri Lanka has enough petrol left for only one day, new leader warns | World News | Sky News