Agencies | Colombo The Daily Tribune – www.newsofbahrain.com Sri Lanka's president has agreed to replace his older brother as prime minister in a proposed interim government to solve a political impasse caused by the country's worst economic crisis in decades, a prominent l
Agencies | Colombo
The Daily Tribune – www.newsofbahrain.com
Sri Lanka’s president has agreed to replace his older brother as prime minister in a proposed interim government to solve a political impasse caused by the country’s worst economic crisis in decades, a prominent lawmaker said Friday.
President Gotabaya Rajapaksa agreed that a national council will be appointed to name a new prime minister and Cabinet comprised of all parties in Parliament, lawmaker Maithripala Sirisena said after meeting with the president.
Sirisena, who was president before Rajapaksa, was a governing party lawmaker before defecting earlier this month along with nearly 40 other legislators.
However, Rohan Weliwita, a spokesperson for Prime Minister Mahinda Rajapaksa, said the president has not communicated any intent to remove the prime minister and a decision will be announced if such a step is taken.
Sri Lanka is near bankruptcy and has announced it is suspending payments on its foreign loans until it negotiates a rescue plan with International Monetary Fund.
It has to repay $7 billion in foreign debt this year, and $25 billion by 2026. Its foreign reserves stand at less than $1 billion. The foreign exchange shortage has severely limited imports, forcing people to wait in long lines to buy essentials such as food, fuel, cooking gas and medicine.
