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Crisis-hit Sri Lanka appoints PM to helm finance ministry

Crisis-hit Sri Lanka appoints PM to helm finance ministry

Gulf Times
Thursday, May 26, 2022 06:44:29 AM UTC

File photo of Sri Lanka's Prime Minister Ranil Wickremesinghe

Sri Lanka's Prime Minister Ranil Wickremesinghe was on Wednesday given the additional responsibility of running the finance ministry as the island nation grapples with its worst-ever economic crisis.

The South Asian island nation has suffered months of dire shortages and anti-government protests, with importers unable to finance vital food, fuel and medicines.

Wickremesinghe, 73, was sworn in as finance minister after two weeks of wrangling among coalition partners for the crucial position ahead of bailout talks with the International Monetary Fund.

His appointment was delayed by a dispute between Wickremesinghe and the Sri Lanka Podujana Peramuna (SLPP) party of President Gotabaya Rajapaksa over who would take the post.

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