Sri Lanka’s new PM wins support to revive economy
Colombo, Sri Lanka - Sri Lanka’s new prime minister won crucial support from two main opposition parties on Monday, easing the pressure on the ruling Rajapaksa clan in the face of the island’s worsening economic crisis.
But highlighting the dire situation still facing Sri Lanka’s 22mn people, Ranil Wickremesinghe said the country had run out of petrol and that the ‘next couple of months will be the most difficult ones of our lives’. “I have no desire to hide the truth and to lie to the public,” Wickremesinghe said in an address to the nation.
The main opposition SJB party appeared to drop its demands that President Gotabaya Rajapaksa should step down before backing a coalition to manage the crumbling economy.
The SJB, or Samagi Jana Balawegaya, declined to join a unity government led by Wickremesinghe, but said it would ‘unconditionally support the positive efforts to revive the economy’. “It is important to save the country from the grave economic crisis,” it said in a brief statement.
And the second-largest opposition party, the Sri Lanka Freedom Party (SLFP), said it would join the cabinet.
Even so, thousands of protestors remained camped outside the sea-front office of 73-yearold President Gotabaya Rajapaksa, whose brother Mahinda quit as premier last week after political violence killed at least nine people.
Shortages of food, fuel and medicines, along with record inflation and lengthy blackouts, have brought severe hardships to Sri Lankans, in the worst financial crisis since independence from Britain in 1948.
Wickremesinghe’s appointment last week - his sixth turn as prime minister - has so far failed to quell public anger at the government for bringing Sri Lanka to the brink of economic collapse. Troops patrolled the streets as consumers queued up for scarce supplies and the government announced that a six-hour night curfew will be reimposed from Monday after a 24-hour break for a religious holiday.
Dollar shortage
Wickremesinghe said on Monday that Sri Lanka had no dollars to finance essential imports with three oil tankers were waiting off Colombo to be paid before they would unload. He added that the country has run out of 14 essential drugs, including anti-rabies vaccines. “The state’s health ministry has not paid its suppliers of medicines for four months and has now been blacklisted.”
He also warned that fuel and electricity tariffs will be raised substantially and his government will also sell off its lossmaking national airline.
However, he urged people to ‘patiently bear the next couple of months’ and vowed he could overcome the crisis.
Wickremesinghe has struggled to form a ‘unity government’ as cabinet swearing-in scheduled for Monday afternoon was pushed back as talks continued on sharing portfolios.