Sri Lankan MP Sagara Kariyawasam on Monday said the Gotabaya Rajapaksa-led government would survive the latest crisis and the President would not put in his papers as the ruling camp had a majority in Parliament.

Kariyawasam, who spoke to reporters after an all-party meeting, said there was an issue of foreign currency and the government would need to find a sustainable solution.

The MP’s statement came as Opposition parties rejected the President’s invitation to join the proposed unity government as a “sham” after he fired his brother and finance minister Basil Rajapaksa from his post, as protests were held nationwide over the ruling Rajapaksa family's poor handling of the country’s worst economic crisis.

Kariyawasam also thanked India for standing by the island nation and continuing to do so even during the current crisis.

“India is our neighbour and it has always helped us. This time also India is helping us and we are depending on it,” the ruling camp MP was quoted as saying in an input by news agency ANI.

“The government will survive. We have a majority in Parliament. President Rajapaksa will not resign… We've an issue of foreign currency and we need to find a sustainable solution,” he said.

Late on Sunday night, all 26 cabinet ministers submitted letters of resignation after thousands of people defied a countrywide state of emergency and curfew and took to the streets in protest against the government. The people defied the curfew to protest against long queues for fuel and gas and long hours without electricity.

(With inputs from agencies)