A woman buys vegetables from a vendor at a market in the rampant food inflation, amid Sri Lanka’s economic crisis, in Colombo, Sri Lanka, July 30 , 2022. REUTERSPIX: Sri Lanka's new president Ranil Wickremesinghe has formally invited MPs to join an all-party unity government to revive the bankrupt economy by undertaking painful reforms, his office said Sunday.
“As the president, I wish to start a new journey,“ Wickremesinghe was quoted 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.
Source: Financial Digest (financialdigest.net)
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