International partners urge Sri Lanka to uphold law after unprecedented political crisis

- economynext.com

ECONOMYNEXT – Sri Lanka’s international partners urged the island nation to uphold the law and order and prevent violence  after its unprecedented political crisis following strong protests forced its president to flee the country and resign.

Following the resignation of Gotabaya Rajapaksa, the sitting prime minister Ranil Wickremesinghe was sworn in as the acting president in line with the constitution, despite some protesters threatened to agitate against the legitimate constitutional move.

Sri Lanka’s economic crisis after the central bank printed trillions of rupees under Rajapaksa that led to balance of payment issue has now triggered the country into a political crisis.

Wickremesinghe will be the acting prime minister until the island nation’s parliament vote on a new president by July 20. It could be Wickremesinghe or any other lawmaker nominated in the parliament. Already opposition leader Sajith Premadasa and former Media Minister Dullas Alahapperuma have expressed their willingness to enter the presidential fray.

However, many people have raised concerns over the acting president Wickremesinghe taking a hard line on apolitical protesters who led the revolt in less than 100 days.

The European Union called all parties to act responsibly, in the interest of the Sri Lankans.
to ensure that further acts of violence are prevented, in order to pave the way to a solution to the on going crisis. 
The United States urged all parties to work together, ensure the rule of law is upheld and find solutions to the economic crisis after the resignation of Rajapaksa.
“The US remains committed to the democratic aspirations of the Sri Lankan people,” the US embassy said in a statement.
Sri Lanka’s closest neighbour India said it will continue to stand with the people of the island nation as they seek to realize their aspirations for prosperity and progress through democratic means and values as well as established institutions and a constitutional framework.
The Spokesperson of Indian Ministry of External Affairs said India will support the people of Sri Lanka in all possible ways in their endeavor to find a way forward.
Sri Lanka’s economic crisis has forced it to beg for money from many foreign nations including India and China with many foiled attempts after Rajapaksa administration failed to maintain appropriate diplomatic relations with many nations including the United States and many nations in the European bloc.
However, the financial crisis forced it to listen to the Western countries to ensure its trade benefits are sustained.
Delays in IMF loan?
The island nation already has started discussions with the International Monetary Fund for at least $3 billion extended fund facility (EFF). However, the sovereign debt defaulted nation has to complete its debt restructuring along with some tough fiscal reforms before such IMF loan.
Garry Rice, the IMF spokesman said the global lender is “deeply concerned about the ongoing crisis, it’s impact on the Sri Lankan people, and particularly the poor and the vulnerable groups in Sri Lanka”.
“We hope for a resolution of the current situation that would allow for our resumption of a dialogue on an IMF supported program,” Rice said responding to a question raised by journalist.
“Clearly, the political and the social emergency situation I guess we could characterize it and we all see what’s happening, you described it, Matthew, has, you know, interrupted those discussions and we hope to resume as soon as possible.”
“And we are not at that stage, but for approval by the Board, a program would require adequate assurances on debt sustainability. So, that’s what I have on this, you know, situation that’s of great concern in Sri Lanka.

Sources close to Wickremesinghe have told Economy Next the EFF is likely to get delayed because of the delays in debt restructuring which needs considerable time as it involved some legal procedures.

Wickremesinghe, who may or may not continue as the president after July 5 took oath and immediately said he would reduce the presidential powers with a constitutional amendment. Economic and political analysts say the vast powers vested with former president Gotabaya Rajapaksa was the key reason for his policy failure that led to a chaotic end to his presidential tenure.

“Immediate steps will be taken to re-establish law and order in the country. I fully accept the right to peacefully protest, but others are now trying to sabotage these protests,” Wickremesinghe said after the swearing in.

“We are bound to ensure they are protected by law and order. We are obliged uphold democracy.”

“I am bound to protect the constitution. I will never allow anything unconstitutional to take place in our country. I am not working outside the constitution. If law and order breaks down, it will affect our economy.” (Colombo/July 15/2022)

You may also like

- colombogazette.com

Opposition Leader Sajith Premadasa was not given a separate meeting with  Iranian President Ebrahim Raisi, the Opposition Samagi Jana Balawegaya said. SJB MP Nalin Bandara told Parliament that there were misleading reports circulating claiming that Premadasa refused to meet the Iranian leader. He said that Premadasa was not given a meeting with the Iranian President […]

- colombogazette.com

The Parliament Committee on High Posts approved the appointment of S.A Rodrigo as the new Sri Lankan Ambassador to Italy. The Committee on High Posts gave its approval for the appointments of the new Ambassador, a Ministry Secretary and two institution chairpersons. Accordingly, the Committee on High Posts approved the appointment of S.A Rodrigo as […]

- adaderana.lk

Under Secretary for Trade and Foreign Agricultural Affairs at the U.S. Department of Agriculture (USDA), Alexis Taylor, paid a courtesy call on President Ranil Wickremesinghe on Friday (26).

- adaderana.lk

After many years of preparation, Venice has finally debuted its controversial five-euro entry toll for tourists without a hotel reservation this Thursday (25).

- adaderana.lk

The Committee on High Posts has green-lighted the appointment of a new ambassador, a ministerial secretary and two chairpersons to state institutions.

- colombogazette.com

Russian and Indian companies are to manage the Mattala international airport for a period of 30 years. The Sri Lankan Cabinet had granted approval at their meeting held on 09.01.2023 to call for aspirations from the parties interested in utilizing the facilities of the Mattala Rajapaksa International Airport. Accordingly, aspirations have been called and 05 institutions […]

Resources for Sri Lankan Charities:View All

How important are accountability and transparency for a charity to receive international donations
How important are accountability and transparency for a charity to receive international donations

Sri Lankan Events:View All

Sep 02 - 03 2023 12:00 am - 1:00 am Sri Lankan Events - Canada
Sep 09 2023 7:00 pm Sri Lankan Events - Australia
Sep 16 2023 6:00 pm - 11:30 pm Sri Lankan Events - USA
Oct 14 2023 8:00 am Sri Lankan Events - UK

Entertainment:View All

Technology:View All

Local News

Local News

Sri Lanka News

@2023 - All Right Reserved. Designed and Developed by Rev-Creations, Inc