Sri Lanka: Regime names new prime minister in bid to address growing crisis

Source: Reuters

“Sri Lanka appointed a new prime minister on Thursday, as its embattled president seeks a way out of the country’s worst economic crisis since independence that has sparked widespread protests. Ranil Wickremesinghe, a political veteran who has been prime minister of the island nation five times before, must try to address financial chaos and heal political divisions as he sets out to form a coalition government. … The 73-year-old is an economic liberal who has experience dealing with the International Monetary Fund, which is currently in discussions to bail out Sri Lanka. He has also built relationships with regional powers India and China, key investors and lenders who vie for influence over the island nation that lies along busy shipping routes linking Asia to Europe.” (05/12/22)