AGL 7.05 Increased By ▲ 0.60 (9.3%)
ANL 9.72 Increased By ▲ 0.02 (0.21%)
AVN 76.91 Decreased By ▼ -0.69 (-0.89%)
BOP 5.48 Increased By ▲ 0.05 (0.92%)
CNERGY 5.00 Increased By ▲ 0.03 (0.6%)
EFERT 78.50 Increased By ▲ 1.25 (1.62%)
EPCL 55.70 Increased By ▲ 0.21 (0.38%)
FCCL 15.26 Decreased By ▼ -0.10 (-0.65%)
FFL 6.48 No Change ▼ 0.00 (0%)
FLYNG 7.39 Decreased By ▼ -0.08 (-1.07%)
GGGL 10.55 Increased By ▲ 0.10 (0.96%)
GGL 16.37 Decreased By ▼ -0.02 (-0.12%)
GTECH 8.31 Decreased By ▼ -0.06 (-0.72%)
HUMNL 6.42 Decreased By ▼ -0.03 (-0.47%)
KEL 3.01 Increased By ▲ 0.08 (2.73%)
LOTCHEM 28.75 Increased By ▲ 0.41 (1.45%)
MLCF 28.24 Increased By ▲ 0.16 (0.57%)
OGDC 74.30 Increased By ▲ 0.45 (0.61%)
PAEL 15.63 Increased By ▲ 0.08 (0.51%)
PIBTL 5.38 Increased By ▲ 0.03 (0.56%)
PRL 17.59 Increased By ▲ 0.20 (1.15%)
SILK 1.09 Increased By ▲ 0.02 (1.87%)
TELE 10.80 Decreased By ▼ -0.16 (-1.46%)
TPL 8.00 Increased By ▲ 0.19 (2.43%)
TPLP 20.18 Increased By ▲ 0.52 (2.64%)
TREET 23.59 Decreased By ▼ -0.26 (-1.09%)
TRG 127.75 Increased By ▲ 0.85 (0.67%)
UNITY 22.95 Decreased By ▼ -0.11 (-0.48%)
WAVES 11.50 Decreased By ▼ -0.05 (-0.43%)
WTL 1.14 No Change ▼ 0.00 (0%)
BR100 4,140 Increased By 14 (0.34%)
BR30 15,609 Increased By 113.7 (0.73%)
KSE100 41,335 Increased By 183 (0.44%)
KSE30 15,479 Increased By 59.3 (0.38%)
Follow us

COLOMBO: Cash-strapped Sri Lanka appointed six more ministers on Monday to its new “economic war cabinet”, the president’s office said, but left vacant the crucial finance portfolio.

Sri Lanka is facing its worst-ever shortage of foreign exchange reserves, with the government unable to finance even the most essential imports such as food, fuel and medicines.

Last week, Prime Minister Ranil Wickremesinghe’s office said the new premier was expected to be given the additional responsibility of managing the country’s finances to pull it out of bankruptcy.

There was no explanation from President Gotabaya Rajapaksa’s office on Monday about why he was not given the job.

Political sources said several other legislators from the president’s Sri Lanka Podujana Peremuna (SLPP) party had declined to take up portfolios.

“There is tension between the SLPP and others in the unity government,” a government official involved in the cabinet formation told AFP. “At least four MPs have refused to take up ministries.”

Wickremesinghe took over earlier this month after Mahinda Rajapaksa, the president’s elder brother, resigned after months of anti-government protests turned violent, with at least nine people killed.

Wickremesinghe, 73, had pledged to put together a cross-party coalition after the previous cabinet was dissolved.

The new ministers — for fisheries, agriculture, transport, environment, culture and irrigation — were sworn in before the president at his tightly-guarded official residence in Colombo.

The delay in getting a finance minister could hinder the IMF negotiations about a bailout, the central bank chief warned on Thursday.

The country of 22 million people has been enduring severe economic hardships for months.

Consumers have been unable to access petrol, diesel and cooking gas, while staple food has been rationed. The country is also facing record inflation and lengthy daily electricity blackouts.

Comments

Comments are closed.