Central Bank of Sri Lanka governor warns to step down if political stability not assured

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Dr Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, has warned that economic recovery will be difficult unless political stability is achieved. Dr Weerasinghe told reporters in Colombo on May 11 that if political stability is not achieved within two weeks, he will step down as Governor of the Central Bank of Sri Lanka.

“When a country faces such a situation, economic recovery is impossible,” he said, adding that the circumstances would not help Sri Lanka’s economic recovery.

He further said that the executive president and the 225 MPs must establish a stable framework of government that will enable the country to establish law, order and peace. Additionally, the Central Bank chief criticized the attacks on peaceful protesters and the events that followed, including house burnings, gunfire and looting.

Military troops deployed in the streets to ensure public safety

Meanwhile, amid widespread protests over the government’s failure to deal with the country’s worst economic crisis, Sri Lankan authorities deployed troops and military vehicles to the streets on May 11 to protect public safety. in the capital.
The deployment comes a day after the country’s defense ministry authorized the army, air force and navy to shoot anyone looting public property or harming others during violent protests in the city. island nation that have taken place during the extraordinary economic and political crisis.

According to the News First newspaper, army special forces combat troopers have been deployed on mobile patrol in and around Colombo. Earlier on May 11, President Gotabaya Rajapaksa urged the public to reject subversive tactics, saying now is the time for all Sri Lankans to work together to tackle the country’s economic, social and political problems.

Crisis in Sri Lanka

Mahinda Rajapaksa, 76, resigned as prime minister on May 9 amid unprecedented economic upheaval in the country, hours after his supporters attacked anti-government protesters, forcing authorities to impose a lockdown. fire throughout the state and to deploy armed forces in the city. Following the attack, pro-Rajapaksa politicians were subjected to widespread violence.

During the riots, at least eight people were killed and more than 250 others were injured, and dozens of properties belonging to ruling party politicians were burned down. A lack of foreign currency contributed to the crisis, as the country was unable to pay for imports of basic commodities and gasoline, leading to severe shortages and exorbitant costs.

(With contributions from the Agency)

Image: AP/Twitter


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