SUBSCRIBE NOW

SIGHT

Be informed. Be challenged. Be inspired.

Sri Lanka swears in new President amid worst economic crisis in decades

Colombo, Sri Lanka
Reuters

Veteran politician Ranil Wickremesinghe was sworn in as Sri Lanka’s new President on Thursday, a day after winning a vote in parliament and urging the island nation to come together to find a way out of its worst economic crisis in decades.

The six-time Prime Minister succeeded Gotabaya Rajapaksa who fled Sri Lanka and resigned from his post last week after mass protests over his handling of the economy. The swearing in ceremony was conducted in parliament, and presided over by the country’s chief justice.

Sri Lanka Colombo Ranil Wickremesinghe visits Buddhist temple

Ranil Wickremesinghe who has been elected as the eighth Executive President under the constitution leaves a Buddhist temple, amid the country’s economic crisis, in Colombo, Sri Lanka, on 20th July. PICTURE: Reuters/ Dinuka Liyanawatte

The country of 22 million people has been crippled by a severe financial crisis, with a lack of foreign currency leading to shortages of essentials including fuel, food and medicines.

Sri Lanka received fresh diesel supplies over the weekend, and the main state-run distributor, Ceylon Petroleum Corporation, will restart sales under a new rationing system from Thursday onwards, the power and energy ministry said.

The protest movement that pushed out Rajapaksa – the first sitting Sri Lankan President to quit office – remained largely muted, despite Wickremesinghe’s unpopularity among some sections of the population.



Only a handful of people were present outside the presidential secretariat on Thursday, a colonial-era building that was stormed by a sea of protesters earlier this month along with the President and Prime Minister’s official residences.

But some have vowed to fight on against Wickremesinghe.

“We won’t give up because what the country needs is a total system change,” said Pratibha Fernando, a protester at the secretariat. “We want to get rid of these corrupted politicians, so that’s what we are doing.”


We rely on our readers to fund Sight's work - become a financial supporter today!

For more information, head to our Subscriber's page.


Hours after winning the parliamentary vote on Wednesday, Wickremesinghe appeared to distance himself from the powerful Rajapaksa family that has dominated politics in Sri Lanka for decades.

“I am not a friend of the Rajapaksas. I am a friend of the people,” he told reporters after praying at a Buddhist temple in the commercial capital Colombo.

Wickremesinghe, who earlier served as Prime Minister and finance minister under Rajapaksa, has been involved in negotiations with the International Monetary Fund for a bail out package worth up to $US3 billion.

Sri Lanka is also looking for assistance from neighbouring India, China and other international partners.

– Additional reporting by ADNAN ABIDI and SUNIL KATARIA

Donate



sight plus logo

Sight+ is a new benefits program we’ve launched to reward people who have supported us with annual donations of $26 or more. To find out more about Sight+ and how you can support the work of Sight, head to our Sight+ page.

Musings

TAKE PART IN THE SIGHT READER SURVEY!

We’re interested to find out more about you, our readers, as we improve and expand our coverage and so we’re asking all of our readers to take this survey (it’ll only take a couple of minutes).

To take part in the survey, simply follow this link…

Leave a Reply

Your email address will not be published. Required fields are marked *

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.