Ranil Wickremesinghe was elected as the President of Sri Lanka on July 20, 2022, amid an economic crisis and mass protests across the country that caused his predecessor Gotabaya Rajpaksha to flee the island nation. He is a member of the Sri Lankan parliament from the centre-right United National Party (UNP) and has held various offices in his career spanning over four decades.
Early life and education
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The ruling National People's Power, which won the presidential election last month, pledged to reinvestigate past cases which had not been resolved
The new Cabinet Spokesman Vijitha Herath, who holds multiple ministries, said that he, along with the newly-appointed President Anura Kumara Dissanayake and the prime minister Dr Harini Amarasuriya
Wickremensignhe has made progress steadying Sri Lanka's economy, but discontent remains strong as he's introduced economic policies that have raised the cost of living
Wickremesinghe stood firm in his commitment to implement reforms and has vowed to steer the country out of bankruptcy
He emphasised the need for fiscal responsibility, cautioning that further salary increases without proper planning could cripple the government, the report said
Earlier last week, President Wickremesinghe announced that debt restructuring agreements were finalised with bilateral lenders, including India and China, in Paris on June 26
Dismissing the Opposition's criticism as inaccurate, Wickremesinghe argued that no bilateral creditor would agree to a reduction of principal amount
Bangladesh's PM Sheikh Hasina and Sri Lankan President Ranil Wickremesinghe are among foreign dignitaries attending Modi's third consecutive term swearing-in ceremony
Bhutan's Prime Minister Tshering Tobgay also congratulated Modi and NDA for the historic third consecutive win and said he looked forward to working closely with him
He further said, 'Information technology is another area that we will be moving fast on and there are many other projects that India and Sri Lanka will have here'
The main opposition's economy spokesman Harsha de Silva in a statement said they were disappointed with the lack of transparency in the debt restructuring process
Citing the Constitution, Wickremesinghe, 74, said the presidential election should take place first, and arrangements will be made accordingly
In his address, Wickremesinghe also said that there is a need for extensive trade and economic ties between India and Sri Lanka
He said even under the current negotiations for restructuring, Sri Lanka still has to pay around $3 billion per year
Despite a 7.8 per cent GDP contraction and six consecutive quarters of negative growth in 2022, the nation rebounded with a 1.6 per cent growth rate in the Q3 of 2023, he said
Sri Lanka in April 2022 declared its first ever sovereign default since gaining independence from Britain in 1948
Jaishankar is in the Ugandan capital city of Kampala to represent India at the two-day summit of the Non-Aligned Movement (NAM), which began on Friday
The latest discussion took place on Monday during a meeting between the High Commissioner of India Santosh Jha with the Governor of the Central Bank of Sri Lanka (CBSL), Dr Nandalal Weerasinghe
The announcement comes following last week's orders of President Ranil Wickremesinghe, who had declared the cost as Rs 250 million every fortnight
Iran-backed Houthi rebels launched more than 20 attacks on merchant ships in recent weeks, claiming to take revenge against Israel for military campaign against Palestinian terror group Hamas in Gaza