AGL 36.51 Decreased By ▼ -1.49 (-3.92%)
AIRLINK 216.01 Increased By ▲ 2.10 (0.98%)
BOP 9.46 Increased By ▲ 0.04 (0.42%)
CNERGY 6.59 Increased By ▲ 0.30 (4.77%)
DCL 8.50 Decreased By ▼ -0.27 (-3.08%)
DFML 40.90 Decreased By ▼ -1.31 (-3.1%)
DGKC 99.48 Increased By ▲ 5.36 (5.69%)
FCCL 36.48 Increased By ▲ 1.29 (3.67%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.17 Increased By ▲ 0.78 (4.76%)
HUBC 126.25 Decreased By ▼ -0.65 (-0.51%)
HUMNL 13.35 Decreased By ▼ -0.02 (-0.15%)
KEL 5.24 Decreased By ▼ -0.07 (-1.32%)
KOSM 6.71 Decreased By ▼ -0.23 (-3.31%)
MLCF 44.24 Increased By ▲ 1.26 (2.93%)
NBP 60.50 Increased By ▲ 1.65 (2.8%)
OGDC 222.49 Increased By ▲ 3.07 (1.4%)
PAEL 40.60 Increased By ▲ 1.44 (3.68%)
PIBTL 8.16 Decreased By ▼ -0.02 (-0.24%)
PPL 191.99 Increased By ▲ 0.33 (0.17%)
PRL 38.60 Increased By ▲ 0.68 (1.79%)
PTC 27.00 Increased By ▲ 0.66 (2.51%)
SEARL 103.50 Decreased By ▼ -0.50 (-0.48%)
TELE 8.62 Increased By ▲ 0.23 (2.74%)
TOMCL 34.86 Increased By ▲ 0.11 (0.32%)
TPLP 13.60 Increased By ▲ 0.72 (5.59%)
TREET 24.99 Decreased By ▼ -0.35 (-1.38%)
TRG 71.99 Increased By ▲ 1.54 (2.19%)
UNITY 33.33 Decreased By ▼ -0.06 (-0.18%)
WTL 1.72 No Change ▼ 0.00 (0%)
BR100 11,987 Increased By 93.1 (0.78%)
BR30 37,178 Increased By 323.2 (0.88%)
KSE100 111,351 Increased By 927.9 (0.84%)
KSE30 35,039 Increased By 261 (0.75%)

COLOMBO: Cash-strapped Sri Lanka appointed nine more ministers Friday to an “all-party government” tasked with trying to steer the country out of its economic crisis, but the crucial finance portfolio remains vacant.

Prime Minister Ranil Wickremesinghe took over earlier this month after Mahinda Rajapaksa, the president’s elder brother, resigned as escalating protests blamed his administration for leading Sri Lanka’s economy to the brink of collapse.

Wickremesinghe had pledged to put together a cross-party coalition after the previous cabinet was dissolved.

The new ministers — for health, education and justice, among others — were sworn in before President Gotabaya Rajapaksa at his tightly-guarded official residence in Colombo, the government said in a brief statement.

Two legislators from the main opposition SJB party broke ranks to join the new government.

Another opposition party, the Sri Lanka Freedom Party, agreed to support President Rajapaksa and was given one portfolio on Friday.

The finance position — which will bring with it responsibility for leading negotiations with the International Monetary Fund over a bail-out — remains vacant.

But the new prime minister’s office told AFP that someone would be appointed next week.

The delay in getting a finance minister could hinder the IMF negotiations, the central bank chief warned on Thursday.

Sri Lanka is facing its worst-ever shortage of foreign exchange with the government unable to finance even the most essential imports such as food, fuel and medicines. The country of 22 million people has been enduring severe economic hardships for months. Consumers have been unable to access petrol, diesel and cooking gas while staple food has been rationed. The country is also facing record inflation and lengthy daily electricity blackouts.

Comments

Comments are closed.