Ranil Wickremesinghe takes oath as Sri Lanka PM in effort to quell crisis

The president's selection of Wickremesinghe is seen an attempt to end violence triggered by the crisis and restore international credibility as the government negotiates a bailout package with the International Monetary Fund.

Colombo:Five-time former Sri Lankan Prime Minister Ranil Wickremesinghe was reappointed Thursday in an effort to bring stability to the island nation, engulfed in a political and economic crisis. Wickremesinghe took his oath before President Gotabaya Rajapaksa in a ceremony at the president's residence. Protesters have blocked the entrance to the president's office for more than a month.

The president's brother, Mahinda Rajakapsa, resigned as prime minister on Monday following violent attacks by supporters on peaceful anti-government protesters. His resignation automatically dissolved the Cabinet, leaving an administrative vacuum. The president's selection of Wickremesinghe is seen an attempt to end violence triggered by the crisis and restore international credibility as the government negotiates a bailout package with the International Monetary Fund.

On Wednesday, authorities deployed armoured vehicles and troops in the streets of the capital after the attacks on protesters triggered a wave of violence across the country. Nine people died and more than 200 were injured. Security forces have been ordered to shoot people deemed to be participating in the violence, as sporadic acts of arson and vandalism continue despite a strict nationwide curfew that began Monday evening.

For weeks, protesters have been demanding that both Rajapaksas resign over a debt crisis that has nearly bankrupted the country and caused severe shortages of fuel, food and other essentials. Some opposition politicians and religious leaders objected to Wickremesinghe's appointment, saying citizens wanted sweeping reforms.

Opposition lawmaker Anura Dissananayake said the president's choice of Wickremesinghe was more about protecting him and his family from public anger over his role in the economic crisis than solving the country's problems. When he was foreign minister from 2015 to 2019, Wickremesinghe was accused of protecting Rajapaksa's powerful family from allegations of corruption and other wrongdoing.

Buddhist and Catholic clergy also objected to Wickremesinghe's selection. "This decision has been taken totally disregarding the aspirations of the people who are protesting today. The protests can only get worse by this decision," said the Rev. Omalpe Sobitha a senior Buddhist monk. Catholic Archbishop of Colombo Cardinal Malcolm Ranjith said for the country to move forward from its crisis, "we need a complete change of the system."

Sri Lanka is nearly bankrupt and has suspended repayments of $7 billion in foreign loans due this year. The IMF has said any short or long-term assistance depends on the outcome of talks with creditors on loan restructuring. Sri Lanka must repay about $25 billion in foreign loans by 2026 out of a current total foreign debt of $51 billion.

The finance ministry said earlier this month that the country's usable foreign reserves have plummeted to just $25 million. The foreign currency shortage has forced a sharp decline in imports, leading to severe shortages of essentials such as fuel, cooking gas, food and medicine. For months, people have had to stand in long lines to buy limited supplies, with many returning empty-handed.

The new prime minister will likely present a Cabinet list to the president for appointment, a power vested in him by the constitution. If there are any objections to the prime minister or the new Cabinet, lawmakers can submit a no-confidence motion to the House speaker when the body reconvenes on Tuesday. The motion would then be debated and voted on.

Wickremesinghe, 73, has been in Parliament for 45 years. His political party split in 2020 amid a leadership crisis and most senior members left to form a new party, which is currently the country's main opposition. Wickremesinghe's reputation was damaged during his previous term as prime minister when he was in a difficult power-sharing arrangement with then-President Maithripala Sirisena. Conflict and a communication breakdown between him and Sirisena were blamed for intelligence lapses that led to Easter Sunday suicide bomb attacks in 2019 that killed more than 260 people. He was also accused of shielding a friend he appointed as head of the Central Bank from allegations of insider trading.

Read: Sri Lanka's ex-PM Mahinda Rajapaksa, 16 others barred from travelling overseas

AP