President Rajapaksa agrees to remove brother as Sri Lankan PM: Lawmaker

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 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.

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.

The foreign exchange shortage has severely limited imports, forcing people to wait in long lines to buy essentials such as food, fuel, cooking gas and medicine.

Rajapaksa and his family, including Prime Minister Mahinda Rajapaksa, have dominated nearly every aspect of life in for most of the last 20 years. Protesters who have crowded the streets since March hold them responsible for the crisis.

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

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