Sri Lanka’s newly appointed Prime Minister Ranil Wickremesinghe has said he will give a full explanation on Monday about the financial crisis facing the island, days after he was appointed as prime minister amid violent protests across the country.
Ranil Wickremesinghe was named Prime Minister this week with a promise to rejuvenate Sri Lanka’s crippling economy. He has invited opposition leader Sajith Premadasa and his party to form an impartial government that goes beyond traditional parliamentary politics.
In a series of tweets on Sunday, Mr Wickremesinghe said there is much to be “done and undone” amid the unprecedented economic crisis in the country, forcing his government to prioritize business.
“We are prioritizing matters, rest assured they will be addressed as soon as possible. We have managed to get things moving in the last 48 hours. I will give a full explanation tomorrow about the financial crisis facing the country” , he said.
Given the scarcity of dollars at banks, the Sri Lankan prime minister said his government is exploring other options to raise the funds necessary to pay for next week’s fuel needs.
On the LPG front, he said: “The government has secured payments for an LPG shipment that will be unloaded and distributed as early as possible.”
Earlier today, the Sri Lankan Prime Minister held talks with the country’s representatives from the World Bank and the Asian Development Bank (ADB) amid the ongoing economic crisis in the island.
“Medicine, food and fertilizer: At the end of our meeting today, the World Bank and ADB pledged support to help obtain essential items,” he said in another tweet.
Sri Lankan President Gotabaya Rajapaksa, accused of mismanaging the country’s economy, has appointed four ministers to the new cabinet after United National Party leader Ranil Wickremesinghe was sworn in as the country’s prime minister on Thursday.
The new appointments are Dinesh Gunawardena as Minister of Public Administration, GL Peiris as Minister of Foreign Affairs, Prasanna Ranatunga as Minister of Urban Development and Kanchana Wijesekera as Minister of Power and Energy.
More ministers are expected to be appointed as the president and prime minister urge all political parties to join hands to form a national government to address the ongoing political and economic instability in the country.
Former Sri Lankan Prime Minister Mahinda Rajapaksa resigned on Monday after violent incidents between pro-government groups and anti-government protesters.