The Fort Worth Press - Crisis-hit Sri Lanka set for uneasy 'economic war cabinet'

USD -
AED 3.673042
AFN 70.72223
ALL 92.599072
AMD 387.699673
ANG 1.801525
AOA 872.636041
ARS 928.11083
AUD 1.527417
AWG 1.8
AZN 1.70397
BAM 1.800788
BBD 2.018268
BDT 117.449912
BGN 1.80187
BHD 0.376768
BIF 2879.714202
BMD 1
BND 1.343271
BOB 6.90741
BRL 5.656104
BSD 0.999558
BTN 83.686837
BWP 13.544122
BYN 3.271304
BYR 19600
BZD 2.014861
CAD 1.38295
CDF 2865.000362
CHF 0.883665
CLF 0.034333
CLP 947.340396
CNY 7.250404
CNH 7.263175
COP 4033.18
CRC 528.506187
CUC 1
CUP 26.5
CVE 101.519127
CZK 23.341604
DJF 177.997938
DKK 6.87404
DOP 59.166912
DZD 134.339091
EGP 48.263969
ERN 15
ETB 57.788837
EUR 0.91975
FJD 2.25895
FKP 0.77056
GBP 0.777122
GEL 2.703861
GGP 0.77056
GHS 15.492335
GIP 0.77056
GMD 67.75039
GNF 8614.466706
GTQ 7.746628
GYD 209.091411
HKD 7.80675
HNL 24.748637
HRK 6.90795
HTG 131.942398
HUF 360.23504
IDR 16304.15
ILS 3.65883
IMP 0.77056
INR 83.74465
IQD 1309.516136
IRR 42105.000352
ISK 138.060386
JEP 0.77056
JMD 156.351282
JOD 0.708704
JPY 153.74504
KES 129.940385
KGS 84.040604
KHR 4100.066293
KMF 454.225039
KPW 900.00035
KRW 1384.870383
KWD 0.30585
KYD 0.833019
KZT 473.514111
LAK 22170.249988
LBP 89514.93946
LKR 302.886607
LRD 195.317104
LSL 18.248239
LTL 2.95274
LVL 0.60489
LYD 4.830215
MAD 9.845499
MDL 17.743198
MGA 4549.388627
MKD 56.737719
MMK 3247.960992
MNT 3450.000346
MOP 8.037659
MRU 39.593768
MUR 46.820378
MVR 15.350378
MWK 1733.297731
MXN 18.459204
MYR 4.657504
MZN 63.899991
NAD 18.248239
NGN 1596.000344
NIO 36.79287
NOK 10.981935
NPR 133.898976
NZD 1.69837
OMR 0.384843
PAB 0.999558
PEN 3.757182
PGK 3.921442
PHP 58.501038
PKR 278.208419
PLN 3.936692
PYG 7569.423984
QAR 3.645997
RON 4.579204
RSD 107.790402
RUB 85.972867
RWF 1314.3599
SAR 3.751623
SBD 8.475946
SCR 13.614743
SDG 586.000339
SEK 10.814304
SGD 1.342604
SHP 0.77056
SLE 22.847303
SLL 20969.503664
SOS 571.228639
SRD 29.001038
STD 20697.981008
SVC 8.746374
SYP 2512.53037
SZL 18.245433
THB 35.903649
TJS 10.595829
TMT 3.55
TND 3.101045
TOP 2.385104
TRY 32.942604
TTD 6.785139
TWD 32.813038
TZS 2698.880377
UAH 41.03869
UGX 3728.086329
UYU 40.24306
UZS 12629.252797
VEF 3622552.534434
VES 36.560866
VND 25315
VUV 118.722038
WST 2.803608
XAF 603.967479
XAG 0.035806
XAU 0.000419
XCD 2.70255
XDR 0.753904
XOF 603.967479
XPF 109.810782
YER 250.350363
ZAR 18.273104
ZMK 9001.203587
ZMW 26.114098
ZWL 321.999592
  • RBGPF

    58.8600

    58.86

    +100%

  • RELX

    0.5400

    46.54

    +1.16%

  • NGG

    0.9700

    63.62

    +1.52%

  • BP

    0.0700

    35.25

    +0.2%

  • CMSC

    0.1050

    24.19

    +0.43%

  • RYCEF

    0.1100

    5.68

    +1.94%

  • BTI

    0.4300

    35.16

    +1.22%

  • VOD

    0.2000

    9.47

    +2.11%

  • GSK

    0.7900

    39.86

    +1.98%

  • AZN

    -0.3900

    78.13

    -0.5%

  • SCS

    0.2000

    14.03

    +1.43%

  • BCC

    5.7500

    141.04

    +4.08%

  • RIO

    0.7300

    65.06

    +1.12%

  • CMSD

    0.1550

    24.405

    +0.64%

  • JRI

    -0.1300

    12.41

    -1.05%

  • BCE

    0.1900

    33.36

    +0.57%

Crisis-hit Sri Lanka set for uneasy 'economic war cabinet'
Crisis-hit Sri Lanka set for uneasy 'economic war cabinet' / Photo: © AFP

Crisis-hit Sri Lanka set for uneasy 'economic war cabinet'

Sri Lanka was set to form a new cabinet on Monday as bitter political rivals make common cause to tackle a worsening economic crisis after last week's deadly violence, party leaders said.

Text size:

Protestors remained camped outside President Gotabaya Rajapaksa's residence demanding that he resign meanwhile, as troops continued to patrol the streets while ordinary Sri Lankans queued up for scarce supplies.

Ranil Wickremesinghe, appointed prime minister for a sixth time on Thursday, has struggled to form a "unity government" after the main opposition insisted that Rajapaksa should follow his brother Mahinda who quit as premier last week.

However, two stalwarts from the main Samagi Jana Balawegaya (SJB) opposition party agreed to break ranks and join an "economic war cabinet", party sources told AFP.

Opposition leader Sajith Premadasa said his party would not block in parliament any legitimate "solutions to the economic problems".

Another opposition group, the Sri Lanka Freedom Party (SLFP), said they will also offer conditional support to Wickremesinghe, overturning their earlier decision not to.

"We will support any correct decisions taken by the new government to address tour grave economic crisis," SLFP leader Maithripala Sirisena said in a letter to the premier.

Official sources said the full cabinet was likely to be sworn in ahead of Tuesday's parliamentary session, the first since 73-year-old Wickremesinghe's appointment.

Four ministers were sworn in on Saturday, all from Rajapaksa's Sri Lanka Podu Jana Peramuna (SLPP) party.

However, there is no finance minister yet, and it is widely expected that the prime minister will retain the crucial portfolio to lead ongoing negotiations with the IMF for an urgent bailout.

Wickremesinghe has also called for international support.

He held talks Sunday with World Bank and Asian Development Bank representatives in Colombo focusing on the issues facing the supply of medicines, food, fuel and fertiliser, his office said in a statement.

"While explaining that discussions have been positive, the Prime Minister stated that the government is facing the immediate challenge of securing funds to pay for the fuel requirement for this coming week," the statement said.

"Due to the dollar shortages in the banks, the government is now exploring other options of securing the necessary funding."

Shortages of food, fuel and medicines, along with record inflation and lengthy blackouts, have brought severe hardships to the country's 22 million people.

Protesters across the Buddhist-majority nation have for weeks demanded the resignation of President Rajapaksa over Sri Lanka's worst economic crisis since independence in 1948.

The appointment of Wickremesinghe has so far failed to quell public anger at the government for bringing Sri Lanka to the brink of economic collapse.

Thousands continue to protest outside the president's sea-front office demanding his resignation where they have been since April 9.

Long queues stretched outside the few fuel stations that were still open on Monday, a Buddhist holiday, as motorists waited for rationed petrol.

Heavily armed troops were still patrolling the streets with a state of emergency still in effect after at least nine people were killed in violence last week.

H.Carroll--TFWP