Tag: Government

Highly respected eminent economist and former Central Bank Governor Dr. Indrajit Coomaraswamy has said the economic recovery will require painful treatment whilst expressing hopes that President Ranil Wickremesinghe would take all the tough decisions to avoid the disastrous situation.

President Ranil Wickremasighe has expressed his unofficial concern to several heads of foreign missions in Sri Lanka over their twitter and other messages issued in a haste of Sri Lnkan army and the police action to evacuate illegal occupants forcibly taken over the presidential secretariat in Colombo.

After swearing in as the 8th Executive President of Sri Lanka, Ranil Wickremesinghe informed party leaders that he intends to prorogue parliament for 24 hours for a "fresh ceremonial start", Parliamentarian Mano Ganesan said.

The present administration has taken every possible step to resurrect the collapsed economy amidst social unrest and unprecedented challenges to bring back the day to day activities to normalcy easing fuel and food crisis to a certain extent , official source said.

The International Monetary Fund hopes to complete rescue talks with Sri Lanka “as quickly as possible,” Managing Director Kristalina Georgieva said on Wednesday, hours before the crisis-hit South Asian nation elected a new president.