Sri Lanka: President wants to form unity government to save economy

Sri Lanka: President wants to form unity government to save economy

Ranil Wickremesinghe, who took office at the beginning of July, wrote to all MEPs asking for his motion.

Article written byplaceholder 36b69ec8

Posted on 7/31/2022 4:49 PM Updated on 7/31/2022 4:59 PM

Reading time: 1 min

A unity government to revive the bankrupt economy. The new President of Sri Lanka, Ranil Wickremesinghe, on Sunday 31 July officially invited MPs from the various parties to join him in carrying out fundamental reforms. Ranil Wickremesinghe took office earlier this month following the resignation of Gotabaya Rajapaksa in a country facing a historic crisis, suffering months of shortages of food, fuel, raw materials and medicines.

The Sri Lankan President has written to all MPs asking them to join a unity government. Speaking to influential monks at the Temple of the Tooth in Kandy, one of Buddhism’s holiest shrines, on Saturday, he said he wanted to “take this journey and form a government that would bring together all parties in Parliament.” necessity, according to him, to carry out “painful reforms”.

He conceded to the monks that the economy will continue to fall this year, but he expects a recovery next year. Inflation, currently at 60.8%, could rise further, he warned. The new president assured that he is working to “stabilize the economy again”: “It is a difficult task. But if we don’t do it now, it will be even more difficult. We have to ask ourselves whether we should try to help the patient through it to heal.” whether we give him medicine or whether we should let him die without giving him medicine.”