Sri Lanka’s acting president on Monday renewed the country's state of emergency giving him broad authority amid growing protests demanding his resignation two days before the lawmakers are set to elect a new president.

Ranil Wickremesinghe became acting president on Friday after his predecessor, Gotabaya Rajapaksa, fled abroad on Wednesday and resigned after monthslong mass protests over the country’s economic collapse.

Wickremesinghe’s move to impose a state of emergency comes as protests demanding his resignation too have continued in most parts of the country, with some protesters burning his effigy.

Lawmakers who met on Saturday began the process of electing a new leader to serve the rest of the term abandoned by Rajapaksa. Nominations for the election of the new president will be heard on Tuesday, and if there is more than one candidate the lawmakers will vote on Wednesday.

The emergency decree issued by Wickremesinghe invokes sections of the Public Security Ordinance that allow him to make regulations in the interests of public security, the preservation of public order, the suppression of mutiny, riot or civil commotion, or for the maintenance of essential supplies.

Under the emergency regulations, Wickremesinghe can authorize detentions, take possession of any property and search any premises. He can also change or suspend any law.

Police and the military have already stepped up security ahead of Wednesday's vote to elect a president for the remainder of Rajapaksa's term, which ends in November 2024.

The South Indian island nation is engulfed in an unprecedented economic crisis that has triggered political uncertainty.

Sri Lanka has run short of money to pay for imports of basic necessities such as food, fertilizer, medicine and fuel for its 22 million people. Its rapid economic decline has been all the more shocking because before the crisis the economy had been expanding, with a growing, comfortable middle class.

Sri Lanka is seeking help from the International Monetary Fund and other creditors, but top officials say its finances are so poor that even obtaining a bailout has proven difficult.

The economic hardships led to political upheaval and widespread protests demanding the government led by Rajapaksa step down. Although many ministers resigned in April, Rajapaksa had remained in power until last week.

The main protests have occurred in the capital, Colombo, where protesters occupied the front of the president’s office for more than 100 days.

The protesters accuse Rajapaksa and his powerful political family of siphoning money from government coffers and of hastening the country’s collapse by mismanaging the economy. The family has denied the corruption allegations, but Rajapaksa acknowledged that some of his policies contributed to Sri Lanka’s meltdown.

Rajapaksa flew first to the Maldives on Wednesday and then to Singapore.