COLOMBO - Sri Lanka needs a new elected government to provide policy stability as it faces its worst economic crisis in generations, according to the leader of the main opposition party.
The South Asian island nation has been in the worst economic tailspin of its independent history, with shortages of everything from fuel to medicine, power outages and inflation seen rising to 40 per cent, prompting angry protests and turning into political risk for the ruling Rajapaksa family. "Most importantly, we need to have policy stability. We need to have some coherence with regard to our principles and fundamentals."
Mr Wickremesinghe, viewed as something of a political survivor and having served as premier multiple times, was only able to return as lawmaker in 2021 through a system where parties with enough votes can nominate a member, even without securing parliamentary seats.
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