Lawmaker: Sri Lanka president agrees to remove brother as PM

A prominent lawmaker says Sri Lanka’s president has agreed to replace his older brother as prime minister in a proposed interim government to solve a political impasse caused by the country’s economic crisis

COLOMBO, Sri Lanka -- Sri Lanka’s president has agreed to replace his older brother as prime minister in a proposed interim government to solve a political impasse caused by the country’s worst economic crisis in decades, a prominent lawmaker said Friday.

President Gotabaya Rajapaksa agreed that a national council will be appointed to name a new prime minister and Cabinet comprised of all parties in Parliament, lawmaker Maithripala Sirisena said after meeting with the president.

Sirisena, who was president before Rajapaksa, was a governing party lawmaker before defecting earlier this month along with nearly 40 other legislators.

Sri Lanka is near bankruptcy and has announced it is suspending payments on its foreign loans. It has to repay $7 billion in foreign debt this year, and $25 billion by 2026. Its foreign reserves stand at less than $1 billion.