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Sri Lanka prime minister retains finance minister portfolio

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COLOMBO: Sri Lanka\u0027s Prime Minister Ranil Wickremesinghe will hold dual charge as finance minister, the president\u0027s office announced on Wednesday (May 25), and will lead talks with the International Monetary Fund (IMF) for a bailout for the crisis-hit nation. \u0022Prime Minister Ranil Wickremesinghe was sworn

COLOMBO: Sri Lanka's Prime Minister Ranil Wickremesinghe will hold dual charge as finance minister, the president's office announced on Wednesday , and will lead talks with the International Monetary Fund for a bailout for the crisis-hit nation.

Sri Lanka, an island nation of 22 million people, has been hit by its worst economic crisis since independence in 1948, with a severe shortage of foreign exchange stalling imports, including essentials such as fuel and medicines. Wickremesinghe - a political veteran who has previously been prime minister five times - was sworn in for a sixth term two weeks ago, after the president's elder brother, Mahinda, resigned from the post.

 

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