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Sri Lanka to get new president next week

President Gotabaya Rajapaksa, who had overseen a ruthless crushing of the Tamil Tigers insurgents as defence secretary, is set to resign on Wednesday. His brothers and nephew earlier quit as ministers as Sri Lanka began running out of fuel, food and other essentials in the worst crisis since independence from Britain in 1948.

Reuters
Premium
Colombo, Sri Lanka
Tue, July 12, 2022

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Sri Lanka to get new president next week Protestors demanding the resignation of Sri Lanka's President Gotabaya Rajapaksa gather inside the compound of Sri Lanka's Presidential Palace in Colombo on July 9, 2022. Sri Lanka's beleaguered President Gotabaya Rajapaksa fled his official residence in Colombo, a top defence source told AFP, before protesters gathered to demand his resignation stormed the compound. (AFP/AFP)

S

ri Lanka's parliament will elect a new president on July 20, its speaker said on Monday, after protesters stormed the residences of the current president and prime minister, who have both offered to quit amid an economic meltdown.

President Gotabaya Rajapaksa, who had overseen a ruthless crushing of the Tamil Tigers insurgents as defence secretary, is set to resign on Wednesday. His brothers and nephew earlier quit as ministers as Sri Lanka began running out of fuel, food and other essentials in the worst crisis since independence from Britain in 1948.

Parliament will reconvene on Friday and will vote to elect a new president five days later, Speaker Mahinda Yapa Abeywardena said in a statement.

"During the party leaders' meeting held today it was agreed that this was essential to ensure a new all-party government is in place in accordance with the Constitution," the statement added.

"The ruling party has said the prime minister and the Cabinet are ready to resign to appoint an all-party government"

Prime Minister Ranil Wickremesinghe, whose private home was set alight by protesters, has said he will step down. His office said Rajapaksa had confirmed his resignation plans to the prime minister, adding that the cabinet would resign once a deal was reached to form an all-party government. 

The political instability could damage negotiations with the International Monetary Fund (IMF) for a rescue package, the central bank governor told Reuters

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