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LEVEL C1

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The storming of President's House in Sri Lanka's capital Colombo has seen its unpopular president, Gotabaya Rajapaksa, decamp to foreign soil.

Despite assurances being given that he'll now step down, those occupying the official residence plan to remain until he delivers on this promise.

The shocking scenes reflect public feelings of rage against the financial collapse overwhelming the nation's economy.

The president and his brother Mahinda Rajapaksa, who held office as prime minister until two months ago, are both targets, considered accountable for the government's slide into incompetence and corruption.

I think if I, I speak for everybody in this country."

Breaching the residence's perimeter, demonstrators made themselves at home in the plush surroundings, plunging into the private pool and rifling through the president's drawers.

They're resolute that they'll remain for as long as it takes.

So hopefully we will have this res, resignation - and from the government - including prime minister and president in the coming days."

A formerly prosperous nation, Sri Lanka's amassed $51 billion in sovereign debt, which it's now defaulted on, and is appealing to the International Monetary Fund for a debt restructure.

Medicines, food and fuel already scarce for a considerable period have been impacted further by the conflict in Ukraine.

After Rajapaksa failed to heed impact warnings on productivity when he shifted the country's agriculture to fully organic production last year, the falls in output, exports and income from trade have compounded financial hardships.

And we are very happy that he has to step down!

He will and he must step down and we will be very happy."

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