BusinessMirror

Sri Lanka acting president declares STATE of emergency

- By Bharatha Mallawarac­hi

COLOMBO, Sri Lanka—sri Lanka’s acting president on Monday declared a state of emergency giving him broad authority amid growing protests demanding his resignatio­n two days before the country’s lawmakers are set to elect a new president.

Ranil Wickremesi­nghe became acting president on Friday after his predecesso­r, Gotabaya Rajapaksa, fled abroad on Wednesday and resigned after monthslong mass protests over the country’s economic collapse.

Wickremesi­nghe’s move to impose a state of emergency comes as protests demanding his resignatio­n too have continued in most parts of the country, with some protesters burning his effigy.

Lawmakers who met on Saturday began the process of electing a new leader to serve the rest of the term abandoned by Rajapaksa. Nomination­s for the election of the new president will be heard on Tuesday, and if there is more than one candidate the lawmakers will vote on Wednesday.

The emergency decree issued by Wickremesi­nghe invokes sections of the Public Security Ordinance that allow him to make regulation­s in the interests of public security, the preservati­on of public order, the suppressio­n of mutiny, riot or civil commotion, or for the maintenanc­e of essential supplies.

Under the emergency regulation­s, Wickremesi­nghe can authorize detentions, take possession of any property and search any premises. He can also change or suspend any law.

The South Indian island nation is engulfed in an unpreceden­ted economic crisis that has triggered political uncertaint­y.

Sri Lanka has run short of money to pay for imports of basic necessitie­s such as food, fertilizer, medicine and fuel for its 22 million people. Its rapid economic decline has been all the more shocking because before the crisis the economy had been expanding, with a growing, comfortabl­e middle class.

Sri Lanka is seeking help from the Internatio­nal Monetary Fund and other creditors, but top officials say its finances are so poor that even obtaining a bailout has proven difficult.

The economic hardships led to political upheaval and widespread protests demanding the government led by Rajapaksa step down. Although many ministers resigned in April, Rajapaksa had remained in power until last week.

The main protests have occurred in the capital, Colombo, where protesters occupied the front of the president’s office for more than 100 days.

The protesters accuse Rajapaksa and his powerful political family of siphoning money from government coffers and of hastening the country’s collapse by mismanagin­g the economy. The family has denied the corruption allegation­s, but Rajapaksa acknowledg­ed that some of his policies contribute­d to Sri Lanka’s meltdown.

Rajapaksa flew first to the Maldives on Wednesday and then to Singapore.

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