Sri Lanka's new president Ranil Wickremesinghe formally invites MPs to join an all-party unity government to revive the bankrupt economy by undertaking painful reforms
President Ranil Wickremesinghe aims to form an"all-party government" to battle the economic crisis that led to months of lengthy blackouts and shortages of food, fuel and medicine in Sri Lanka.
In a meeting on Saturday with the influential monks of the Temple of the Tooth in Kandy, one of Buddhism's most sacred shrines, Wickremesinghe outlined his plans.by his office as telling the monks in his first meeting with the powerful Buddhist clergy since taking office. He fled to Singapore from where he resigned five days later and Wickremesinghe became interim president and later won a vote in parliament confirming his ascension.
In April, Sri Lanka defaulted on its $51 billion foreign debt and opened bailout talks with the International Monetary Fund.Wickremesinghe told monks that the economy would decline further this year with a contraction of 7.0 percent, but expected a recovery next year.
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