Sri Lanka economic crisis live: Sri Lankan President Gotabaya Rajapaksa’s ruling coalition lost its majority in parliament on Tuesday after at least 41 lawmakers walked out of the alliance. The President had said he won’t resign and is ready to hand over government to whoever proves 113 seat majority. An emergency health situation has been declared in the country from Tuesday because of the severe drug shortage in the country. Meanwhile, the IMF said it is monitoring political and economic developments in Sri Lanka very closely. Stay with TOI for more updates: