COLOMBO: Sri Lanka’s parliament on Tuesday voted against fast-tracking an opposition move to condemn President Gotabaya Rajapaksa, as the PM warned that the country was in a precarious economic situation and down to its last day of petrol supplies. Lawmakers voted 119 to 68 against fast-tracking the largely symbolic motion through parliament, which reconvened for the first time since violence flared last week. It is likely to be debated later in the week. If the motion eventually passes, it could increase the pressure on the president to resign, following his brother Mahinda Rajapaksa who stood down as PM in response to the economic crisis that has triggered violent protests.
Ranil Wickremesinghe,the new prime minister, said in a televised address on Monday that the island nation had to face “unpleasant and terrifying facts”. “At the moment, we only have petrol stocks for a single day. The next couple of months will be the most difficult ones of our lives,” he said. Foreign reserves had come close to zero from $7. 5 billion in November 2019, he added, with the country requiring $75 million in the next few days to keep the economy running. Essential medicines had run out. Power cuts could extend to as much as 15 hours a day because of the lack of fuel, which is mostly imported. Wickremesinghe said he planned to ask for foreign assistance, privatise SriLankan Airlines and seek parliamentary approval to increase treasury bill issuance to 4 trillion rupees ($11. 27 billion) from 3 trillion. “For a short period, our future will be even more difficult than the tough times that we have passed,” he said.
More than a month of predominantly peaceful protests against the government’s handling of the economy turned deadly last week when supporters of former the former PM stormed an anti-government protest site in the commercial capital, Colombo. Days of subsequent clashes between protesters, government supporters and police left nine dead and more than 300 injured. Police said on Tuesday they had arrested two lawmakers from the Rajapaksas’ Sri Lanka Podujana Peramuna in connection with last week’s violence. Sri Lanka’s economic crisis, unparalleled since its independence in 1948, has come from the confluence of the Covid-19 pandemic, rising oil prices and populist tax cuts by the Rajapaksas.
Ranil Wickremesinghe,the new prime minister, said in a televised address on Monday that the island nation had to face “unpleasant and terrifying facts”. “At the moment, we only have petrol stocks for a single day. The next couple of months will be the most difficult ones of our lives,” he said. Foreign reserves had come close to zero from $7. 5 billion in November 2019, he added, with the country requiring $75 million in the next few days to keep the economy running. Essential medicines had run out. Power cuts could extend to as much as 15 hours a day because of the lack of fuel, which is mostly imported. Wickremesinghe said he planned to ask for foreign assistance, privatise SriLankan Airlines and seek parliamentary approval to increase treasury bill issuance to 4 trillion rupees ($11. 27 billion) from 3 trillion. “For a short period, our future will be even more difficult than the tough times that we have passed,” he said.
More than a month of predominantly peaceful protests against the government’s handling of the economy turned deadly last week when supporters of former the former PM stormed an anti-government protest site in the commercial capital, Colombo. Days of subsequent clashes between protesters, government supporters and police left nine dead and more than 300 injured. Police said on Tuesday they had arrested two lawmakers from the Rajapaksas’ Sri Lanka Podujana Peramuna in connection with last week’s violence. Sri Lanka’s economic crisis, unparalleled since its independence in 1948, has come from the confluence of the Covid-19 pandemic, rising oil prices and populist tax cuts by the Rajapaksas.
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