Business Standard

Sri Lankan president calls for unity govt to resolve economic crisis

The developments come after Gotabaya Rajapaksa declared a state of emergency on Friday, following protests over the economic hardship faced by the people of the country

File photo of Gotabaya Rajapaksa
Premium

Sri Lankan President Gotabaya Rajapaksa

Reuters Colombo
Sri Lankan President Gotabaya Rajapaksa called for a unity government on Monday to deal with the country's economic crisis, as cabinet ministers and the central bank governor offered to resign and stock trading was halted twice because of a plunge in share prices.

The debt-laden country is struggling to pay for imports of fuel and other goods due to a foreign exchange crisis, leading to hours-long power cuts and a shortage of essentials.

Widespread street protests have continued despite a weekend curfew.

"Considering this a national need, the time has come to work together for the sake of all the

(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.)

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in