Sri Lanka

Sri Lankan president says regrets crisis, expands cabinet ahead of IMF talks

COLOMBO, April 18 (Reuters) - Sri Lanka's embattled president announced 17 new ministerial appointments on Monday, notably leaving out members of his own family, and expressed regret for his government's handling of a devastating economic crisis that has led to widespread protests.

President Gotabaya Rajapaksa and his elder brother, Prime Minister Mahinda Rajapaksa, will stay on despite demands from protesters and the opposition for them to quit. Rajapaksa has governed the South Asian island nation since 2019 with other family members in top government positions.

Sri Lankan Cabinet reshuffled to counter economic crisis

COLOMBO, Sri Lanka (AP) — Sri Lanka’s president appointed 17 new Cabinet ministers on Monday as he and his powerful family seek to resolve a political crisis resulting from the country’s dire economic state.

The appointments follow weeks of protests over fuel and food shortages and demands that President Gotabaya Rajapaksa and his government resign.

The president’s older brother, Prime Minister Mahinda Rajapaksa, remains but some other relatives were dropped in what’s seen as an attempt to pacify the protesters without giving up the family’s hold on power.

Sri Lankan protesters demand justice for 2019 Easter attacks

COLOMBO, Sri Lanka (AP) — Sri Lankans protesting for days near the president’s office criticized a lack of progress in finding those responsible for the deaths of more than 260 people in Islamic State-inspired bombings on Easter Sunday three years ago, piling pressure on the government already embroiled in a deep economic crisis.

Sri Lankans occupy president’s office entrance for 2nd day

COLOMBO, Sri Lanka (AP) — Sri Lankan protesters occupied the entrance to the president’s office for a second day on Sunday, demanding Gotabaya Rajapaksa resign over the debt-ridden country’s worst economic crisis in memory.

Hundreds of demonstrators weathered heavy rain with raincoats and umbrellas and chanted anti-government slogans. Some called for the entire Parliament to disband to make way for a younger leadership.

Sri Lanka to seek $3 billion to stave off crisis

COLOMBO, April 9 (Reuters) - Sri Lanka will need about $3 billion in external assistance over the next six months to help restore supplies of essential items including fuel and medicine, Finance Minister Ali Sabry told Reuters on Saturday.

The island nation of 22 million people has been hit by power cuts and shortages which have drawn protesters out on to the streets and put President Gotabaya Rajapaksa under mounting pressure.

Pressure mounts on Sri Lanka leader to quit as crisis grows

COLOMBO, Sri Lanka (AP) — Thousands of Sri Lankans rallied in the country’s main business district and Christian clergy marched in the capital to observe a day of protest on Saturday calling on the debt-ridden nation’s president to resign, as anxiety and anger over shortages simmered.

India: We stand ready to continue to help Sri Lanka

New Delhi, Apr 7 (PTI) As Sri Lanka reels under a severe economic crisis that triggered a political upheaval, India on Thursday said it stands ready to continue assisting the island nation to recover from the difficulties in line with its 'Neighbourhood First' policy.

External Affairs Ministry Spokesperson Arindam Bagchi said India has been keenly following the evolving economic situation and other developments in Sri Lanka.

Sri Lanka business leaders demand end to political impasse

COLOMBO, Sri Lanka (AP) — Sri Lankan business leaders on Friday called for an end to the country’s political instability amid public demands for the president to resign over alleged economic mismanagement, warning that failure to do so would lead to economic catastrophe.

Leaders from 23 business associations representing export, import and logistics firms told reporters in the capital, Colombo, that they want lawmakers to “act responsibly and resolutely to implement remedial solutions to halt and then reverse the rapidly deteriorating situation.”

Sri Lanka must restructure $1 bln debt, needs stability - says outgoing finance minister

COLOMBO, April 7 (Reuters) - Sri Lanka must look at restructuring a $1 billion sovereign debt due for payment in July, the outgoing finance minister told parliament on Thursday, urging an end to calls for a change in government amid the country's worst economic crisis in decades.

The opposition and some partners of the ruling coalition rejected calls this week for a unity government from President Gotabaya Rajapaksa after he disbanded his cabinet, in the hope of quelling weeks-long street protests over shortages of fuel, power, food and medicine.

Sri Lanka's president will not resign, despite protests - minister

COLOMBO, April 6 (Reuters) - Sri Lankan President Gotabaya Rajapaksa will not resign, a minister said on Wednesday, despite demonstrations against his handling of the country's worst economic crisis in decades and as doctors held street protests over a shortage of medicine.

Rajapaksa, governing the South Asian island nation since 2019 with other family members in top positions, revoked a state of emergency late on Tuesday after five days as dozens of lawmakers walked out of the ruling coalition, leaving his government in a minority. 

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