New Sri Lankan Prime Minister expected to provide ‘full explanation’ of financial crisis today | world news
Ranil Wickremesinghe, Sri Lanka’s new prime minister who was sworn in last Thursday, is expected to address the country on Monday, in what would be the first national address in his record sixth term as prime minister of the island nation.
During his speech, Wickremesinghe will present the “full picture” of Sri Lanka’s current economic crisis, its worst since 1948, when it gained independence from British rule.
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“There is a lot to do and undo. We prioritize files, rest assured that they will be processed as soon as possible. We have managed to shake things up over the past 48 hours. I will provide a full explanation of the financial crisis facing the country tomorrow,” the United National Party (UNP) leader said in a Twitter post last night.
Regarding fuel, the 73-year-old wrote that due to the shortage of dollars in the banks, his government was exploring options such as securing funds to pay for immediate fuel needs.
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Regarding gas, he informed that his government had secured payments for a shipment, which he said would be unloaded and distributed “as soon as possible”.
“Medicine, Food and Fertilizer: At the end of our meeting today, the World Bank and the Asian Development Bank pledged to help purchase essential items,” Wickremesinghe also wrote.
“21st Amendment: This will be discussed tomorrow with the Ministry of the Attorney General and then presented to Cabinet for approval,” he concluded.
On April 21, the Samagi Jana Balawegaya (SJB), the country’s main opposition party, presented a 21st Constitutional Amendment Bill to Parliament. The bill proposes, among other things, the abolition of the current executive presidential system.
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Meanwhile, Ranil Wickremesinghe’s speech, if it takes place today, will come exactly a week after the resignation of his predecessor, Mahinda Rajapaksa, the elder brother of embattled president Gotabaya. Already under pressure to resign, Mahinda Rajapaksa finally veil after a group of Rajapaksa supporters offensive anti-government protesters in Colombo on May 9.