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Gotabaya appoints Ranil as Sri Lanka Prime Minister

Tags: Person in news International News


Ranil Wickremesinghe, a veteran opposition MP, was sworn in as the new Prime Minister of Sri Lanka for the sixth time in an effort to end the current political crisis in the country.

  • Gotabaya's elder brother Mahinda Rajapaksa resigned as prime minister on May 9.

  • Wickremesinghe's United National Party (UNP) was wiped out in the 2020 general elections, with Rajapaksa winning a two-thirds majority.

  • Wickremesinghe is currently the only MP from his party.

  • Reason of crisis in Sri Lanka

  • Mahendra Rajapaksa announced huge tax cuts in his manifesto in the 2019 election, leading to a huge drop in revenue.

  • Sri Lanka is primarily a tourism-based economy. The Easter bombings in 2019 resulted in a sharp drop in tourist arrivals, which was further exacerbated by the COVID crisis.

  • Huge infrastructural debt. 

  • Misguided policies of the authoritative regime

  • Due to Covid, there was a further decline in the export of tea, rubber and the tourism sector came to a standstill.

  • Remittances also dropped significantly

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