Sri Lanka’s surprise finance minister Ali Sabry ‘faces Herculean task’

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

South Africa News News

Former justice minister thrust into the centre of a financial storm that will be difficult to calm

Ali Sabry. Picture: REUTERS/DINUKA LIYANAWATTEWhen former justice minister Ali Sabry visited Sri Lanka's president last Monday, it was for talks amid an economic crisis that has brought thousands of protesters onto the street and left the island nation short of fuel, medicine and power.

“Normally I wear my jacket to go for any official function. I took oath even without my jacket, because I went for a discussion and then, I had to take that [oath].” 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 legislator pointedly asked in what capacity he was talking. Sabry confirmed that he was still finance minister.

He attended school in his hometown in Kalutara and Colombo's Zahira College. At Sri Lanka Law College, he was general secretary of the law students' union and later deputy president of the bar Association of Sri Lanka, the country's largest collective of lawyers. Sabry said he has confidence in a team of key officials, including a new central bank governor and treasury secretary, alongside an advisory committee.Udeeshan Jonas, chief strategist at Colombo-based investment bank CAL Group, said Sabry has shown courage taking on a job that no-one else appears to want.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sri Lanka’s surprise finance minister Ali Sabry ‘faces Herculean task’Former justice minister thrust into the centre of a financial storm that will be difficult to calm
Source: BDliveSA - 🏆 12. / 63 Read more »

Sri Lanka finance minister resigns after one day in officeAli Sabry steps down as political storm over soaring living costs threatens to engulf President Gotabaya Rajapaksa
Source: BDliveSA - 🏆 12. / 63 Read more »

Sri Lanka’s surprise finance minister Ali Sabry ‘faces Herculean task’Former justice minister thrust into the centre of a financial storm that will be difficult to calm
Source: BDliveSA - 🏆 12. / 63 Read more »

Sri Lanka finance minister resigns after one day in officeAli Sabry steps down as political storm over soaring living costs threatens to engulf President Gotabaya Rajapaksa
Source: BDliveSA - 🏆 12. / 63 Read more »