Sri Lanka swears in new president amid worst economic crisis in decades

Published July 21, 2022
Ranil Wickremesinghe is sworn in as new president of Sri Lanka by Chief Justice Jayantha Jayasuriya at the parliament, amid the country’s economic crisis, in Colombo, Sri Lanka on Thursday. — Reuters
Ranil Wickremesinghe is sworn in as new president of Sri Lanka by Chief Justice Jayantha Jayasuriya at the parliament, amid the country’s economic crisis, in Colombo, Sri Lanka on Thursday. — Reuters

Veteran politician Ranil Wickremesinghe was sworn in as Sri Lanka's new president on Thursday, a day after winning a vote in parliament and urging the island nation to come together to find a way out of its worst economic crisis in decades.

The six-time prime minister succeeded Gotabaya Rajapaksa who fled Sri Lanka and resigned from his post last week after mass protests over his handling of the economy. The swearing-in ceremony was conducted in parliament, and presided over by the country's chief justice.

The country of 22 million people has been crippled by a severe financial crisis, with a lack of foreign currency leading to shortages of essentials including fuel, food and medicines.

Sri Lanka received fresh diesel supplies over the weekend, and the main state-run distributor, Ceylon Petroleum Corporation, will restart sales under a new rationing system from Thursday onwards, the power and energy ministry said.

The protest movement that pushed out Rajapaksa — the first sitting Sri Lankan president to quit office — remained largely muted, despite Wickremesinghe's unpopularity among some sections of the population.

Only a handful of people were present outside the presidential secretariat on Thursday, a colonial-era building that was stormed by a sea of protesters earlier this month along with the president and prime minister's official residences.

But some have vowed to fight on against Wickremesinghe.

“We won't give up because what the country needs is a total system change,” said Pratibha Fernando, a protester at the secretariat. “We want to get rid of these corrupted politicians, so that's what we are doing.”

Hours after winning the parliamentary vote on Wednesday, Wickremesinghe appeared to distance himself from the powerful Rajapaksa family that has dominated politics in Sri Lanka for decades.

“I am not a friend of the Rajapaksas. I am a friend of the people,” he told reporters after praying at a Buddhist temple in the commercial capital Colombo.

Wickremesinghe, who earlier served as prime minister and finance minister under Rajapaksa, has been involved in negotiations with the International Monetary Fund (IMF) for a bail out package worth up to $3 billion.

Sri Lanka is also looking for assistance from neighbouring India, China and other international partners.

Opinion

Editorial

Anti-women state
Updated 25 Nov, 2024

Anti-women state

GLOBALLY, women are tormented by the worst tools of exploitation: rape, sexual abuse, GBV, IPV, and more are among...
IT sector concerns
25 Nov, 2024

IT sector concerns

PRIME Minister Shehbaz Sharif’s ambitious plan to increase Pakistan’s IT exports from $3.2bn to $25bn in the ...
Israel’s war crimes
25 Nov, 2024

Israel’s war crimes

WHILE some powerful states are shielding Israel from censure, the court of global opinion is quite clear: there is...
Short-changed?
Updated 24 Nov, 2024

Short-changed?

As nations continue to argue, the international community must recognise that climate finance is not merely about numbers.
Overblown ‘threat’
24 Nov, 2024

Overblown ‘threat’

ON the eve of the PTI’s ‘do or die’ protest in the federal capital, there seemed to be little evidence of the...
Exclusive politics
24 Nov, 2024

Exclusive politics

THERE has been a gradual erasure of the voices of most marginalised groups from Pakistan’s mainstream political...