Sri Lanka Business Groups Want President Gone as Crisis Worsens [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
ministry and even President Gotabaya Rajapaksa last year, urging them to go to the International Monetary Fund as the nation careened toward its worst economic disaster. Advertisement His calls to seek a bailout and implement reforms “fell on deaf ears,” the 58-year-old chairman of the Ceylon Chamber of Commerce said in an interview. It was like “talking to a rock.” After violence erupted across the island this week and the prime minister resigned, the chamber joined with other Sri Lankan industry bodies to make a fresh try. Their five-point agenda called on Rajapaksa — revered and feared in equal measure due to his authoritarian style of rule — to appoint a new government and then step down immediately. Rajapaksa on Wednesday said he would appoint a new prime minister this week. A government is essential to lead talks with the IMF, which Rajapaksa’s administration eventually approached for help this year. With little more than $50 million in usable foreign reserves, Sri Lanka is
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