Skip to Content

Sri Lankan leader appeals for patience amid economic crisis


Associated Press

COLOMBO, Sri Lanka (AP) — Sri Lanka’s president has appealed for patience amid the country’s worst economic crisis but promised brighter times ahead. President Ranil Wickremesinghe said in a policy speech on Wednesday after inaugurating a new parliamentary session that he had been forced to make unpopular decisions to salvage the country’s finances, including by introducing measures such as higher taxes. Sri Lanka is facing its worst economic crisis and has announced it is suspending repayment of its foreign debt, while seeking debt restructuring assurances from its creditors to unlock a $2.9 billion bailout package from the International Monetary Fund. Massive protests last year forced Wickremesinghe’s predecessor, Gotabaya Rajapaksa, to flee the country and resign.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press


KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content