COLOMBO - When former justice minister Ali Sabry visited Sri Lanka's president last Monday , it was for talks
Foreign exchange reserves have plummeted to US$1.93 billion and debt payments several times that amount are looming. For four days after his resignation offer, no other candidate stepped forward, he said, and by Friday he had resolved to go ahead, following further discussions with family, the president and officials.On Friday, when Sabry rose to speak in parliament, a lawmaker pointedly asked what capacity he was talking in."As I told ... parliament, what you need is not to be an economist.
Faced with the challenge of immediately finding US$3 billion to pay for essential goods that he describes as"Herculean", Sabry said he has the full backing of the president, the prime minister and his ruling party leaders.
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