New Sri Lankan Prime Minister Wickremesinghe says he will solve the economic crisis

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Ranil Wickremesinghe, the new Sri Lankan Prime Minister, assured the people of Sri Lanka on Thursday that he will ensure the supply of gasoline, diesel and electricity to the island country. He expressed his wish to overcome the current economic crisis.

“I want to fix this problem to ensure the supply of petrol, diesel and electricity to the population,” Wickremesinghe said, as reported by Colombo Page.



After Wickremesinghe’s swearing-in ceremony, he said, “We need to create a country with a future for young people, where people can eat three meals a day again and soon without queues.”

According to the newly elected Sri Lankan Prime Minister, his main objective will be to restore the country’s economy, Colombo Page reported. In addition, Wickremesinghe had promised that he would ease Sri Lanka’s economic hardship with international aid, accompanied by the support of everyone in parliament, Colombo Page reported.

Furthermore, Wickremesinghe also urged everyone to refrain from narrow politics and instead support him in rebuilding the crippling economy.

Meanwhile, Wickremesinghe has been appointed Prime Minister of Sri Lanka for a record sixth term. He first became Prime Minister of Sri Lanka at a relatively young age of 44. However, Wickremesinghe’s sixth term in power is unlikely to go smoothly as he takes control of the country, amid violent large-scale anti-government protests. a devastated economy as well as a very fragmented politics.

Currently, Sri Lanka is facing its worst economic crisis since independence with food and fuel shortages, soaring prices and power cuts affecting large numbers of citizens.

At the same time, the country continues to negotiate with the International Monetary Fund (IMF) to bail out its struggling economy. One has to see how Wickremesinghe appeases anti-government protesters in the short term, with President Gotabaya Rajapaksa, the central figure whose ouster protesters are seeking, still in place.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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