AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,546 Increased By 137.4 (1.85%)
BR30 24,809 Increased By 772.4 (3.21%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

COLOMBO: Sri Lanka on Saturday named the first ministers of a “unity” government tasked with rescuing the country from its crippling economic crisis, but which has failed to secure opposition support.

Prime Minister Ranil Wickremesinghe, appointed Thursday, has attempted to put together a cross-party coalition that can begin mending the island nation’s decimated finances.

But opposition parties have called his premiership illegitimate and some lawmakers have demanded fresh elections.

Wickremesinghe has instead been forced to rely on the support of lawmakers allied to President Gotabaya Rajapaksa, whose administration is blamed by many for leading Sri Lanka’s economy to the brink of collapse.

Rajapaksa’s office announced the appointment of four ministers on Saturday including Gamini Peiris, who returns to the foreign ministry just days after losing his job when the previous cabinet was dissolved.

Peiris and the other three appointees — for public administration, urban development and energy — are all members of Rajapaksa’s Sri Lanka Podujana Peramuna (SLPP) party.

The all-important finance ministry post remains vacant at a time when Sri Lanka is in negotiations for a much-needed International Monetary Fund bailout.

Earlier on Saturday, legislators from the SLPP held a closed-door meeting where they resolved to support the new prime minister.

“We have misgivings about Wickremesinghe, but in the national interest to pull the country out of the economic mess, we decided to support the PM,” one party lawmaker told AFP.

The main opposition Samagi Jana Balawegaya (SJB) and four other parties have refused to support the government while Rajapaksa remains president.

Huge public demonstrations have for weeks condemned the president over his administration’s mismanagement and alleged corruption.

Hundreds remain outside his seafront office in the capital Colombo at a protest camp that has for the past month demanded the leader step down.

Mahinda Rajapaksa, the president’s older brother, resigned as prime minister on Monday after his supporters attacked peaceful protesters.

At least nine people were killed and more than 200 injured in ensuing clashes, with dozens of Rajapaksa loyalist homes set on fire by furious mobs.

Mahinda has since been banned by a court from leaving the country and has taken refuge at the Trincomalee naval base in Sri Lanka’s east.

Troops have since restored order and a nationwide curfew has been in effect for most of the week.

Wickremesinghe told reporters shortly after assuming office that the country was going through its worst crisis ever.

Sri Lanka has endured months of acute food, fuel and medicine shortages, which Wickremesinghe said would get even worse.

Comments

Comments are closed.