Sri Lanka president seeks unity government to save economy

COLOMBO (AFP) – Sri Lanka’s new president Ranil Wickremesinghe has formally invited MPs to join an all-party unity government to revive the bankrupt economy by undertaking painful reforms, his office said on Sunday (July 31).

Mr Wickremesinghe took office earlier this month after public anger over the island nation’s worst economic crisis forced his predecessor Gotabaya Rajapaksa to flee the country and quit.

In a meeting on Saturday with the influential monks of the Temple of the Tooth in Kandy, one of Buddhism’s most sacred shrines, Mr Wickremesinghe outlined his plans.

“As the president, I wish to start a new journey,” Mr Wickremesinghe was quoted as telling the monks in his first meeting with the powerful Buddhist clergy since taking office.

“I would like to get all the parties together and go on that journey as well as to form an all-party government.”

He has written to all lawmakers asking them to join a unity government.

A former opposition MP, Mr Wickremesinghe, 73, took up the premiership for the sixth time in May after Mr Rajapaksa’s elder brother Mahinda resigned and there were no other takers for the job.

Mr Wickremesinghe went on to become the president after Mr Gotabaya escaped on July 9 when tens of thousands of protesters angry at the economic crisis stormed the presidential palace.

He fled to Singapore from where he resigned five days later and Mr Wickremesinghe became interim president and later won a vote in parliament confirming his ascension.

Sri Lanka’s 22 million people have endured months of lengthy blackouts, record inflation and shortages of food, fuel and medicines.

Since late last year, the country has run out of foreign exchange to finance even the most essential imports.

In April, Sri Lanka defaulted on its US$51 billion (S$70.4 billion) foreign debt and opened bailout talks with the International Monetary Fund.