Sri Lanka president drops brother as FM amid protests over crisis

Sri Lankan President Gotabaya Rajapaksa has dropped his brother as finance minister after calling for a unity government as protests against an economic crisis persist and cracks emerge in the ruling coalition.

The debt-laden country, run by Rajapaksa and his brothers in top positions, is struggling to pay for imports of fuel and other goods due to a scarcity of foreign exchange, leading to hours-long power cuts and a shortage of essentials.

Street protests against the government continued on Monday with crowds gathering in several towns, including in southern Tangalle where people holding posters and the national flag broke through police barricades, local media reported.

“Four ministers were appointed to ensure parliament and other tasks can be conducted in a lawful manner until a full Cabinet can be sworn in,” Rajapaksa’s media office said in a statement on Monday after cabinet ministers resigned in a bid to resolve the crisis.

It said Justice Minister Ali Sabry would be the new finance minister, replacing Gotabaya’s brother Basil Rajapaksa, who was due to visit the United States this month for talks with the International Monetary Fund (IMF) for a loan programme.

Previous ministers of foreign affairs, education and highways will keep their positions.

Call for unity gov’t

Earlier on Monday, the Sri Lankan president called for a unity government to deal with the country’s economic crisis, as cabinet ministers and the central bank governor offered to resign and stock trading halted twice because of a plunge in share prices.

“The president invites all political parties in parliament to accept cabinet posts and join the effort to seek solutions to the national crisis,” Rajapaksa’s office said in a statement on Monday.

“Considering this a national need, the time has come to work together for the sake of all the citizens and future generations,” it added.

The statement stressed that solutions to the deepening crisis should be found “within a democratic framework”, as hundreds were joining spontaneous demonstrations in cities, towns and villages.

The invitation to the opposition came after 26 cabinet ministers – every member except the president’s elder brother, Prime Minister Mahinda Rajapaksa – submitted letters of resignation at a late-night meeting on Sunday.

The move cleared the way for the all-powerful political clan to seek to shore up its position.

The Central Bank of Sri Lanka governor, Ajith Nivard Cabraal, on Monday joined the long list of resignations. “In the context of all cabinet ministers resigning, I have today submitted my resignation as Governor,” he said on Twitter.

The Colombo Stock Exchange suspended trading twice on Monday morning due to a sharp fall in the benchmark share price index.

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