Default is a weakening economic state that occurs when the governments are unable to meet some or all of their debt payments to creditors.

In a televised address to the nation on Monday - May 16, Wickremesinghe has said that his administration plans to privatize Sri Lankan Airlines.

Following his address, Gotabaya had held talks with Wickremesinghe which hinted that the latter would become the new Prime Minister. 

Former President Sirisena said, "He (Mahinda) must be arrested for encouraging violence. There was no reason to attack the peaceful protesters." 

Former Sri Lankan cricketer Kumar Sangakkara had blamed Mahinda for the violence. He said, "The only violence was perpetrated by your supporters."

The party has on Thursday said, "The DMK's Lok Sabha and Rajya Sabha members will contribute their one month's salary to the Chief Minister's Public Relief Fund."

Annamalai's trip has come a day after the Tamil Nadu ruling DMK government has said that it is ready to ship the essential items to Sri Lanka on humanitarian grounds.

The Chief Minister has said that the state government is ready to offer help to the Tamil people in Sri Lanka on humanitarian grounds.

The influx of the Sri Lankan Tamils has been increasing and the Tamil Nadu government has enforced the measures to accommodate them. 

The Rajapaksa clan was running nearly 80% of the nation's economy directly from its hands and its mishandling has pushed Sri Lanka's economy to a disastrous downfall.