financetom
News
financetom
/
News
/
Sri Lanka Crisis: Main opposition party to move no-confidence motion against government
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sri Lanka Crisis: Main opposition party to move no-confidence motion against government
Apr 8, 2022 9:48 AM

Sri Lanka’s main opposition party Samagi Jana Balawegaya (SJB) on Friday announced that it will move a no-confidence motion against the government of President Gotabaya Rajapaksa if it fails to take steps to address the concerns of the public facing hardships due to the country's worst-ever economic crisis. Opposition leader Sajith Premadasa also called for the Executive Presidency to be abolished, saying power should be divided between the Executive, Legislature and Judiciary.

Share Market Live

NSE

"The government must pay heed to the public demand for the Rajapaksas to quit, if not we will bring a no confidence motion,” the SJB leader told Parliament. The SJB has begun to collect signatures from MPs for the no-confidence motion, according to media reports. Rajapaksa earlier proposed the creation of a unity government, but SJB rejected the idea.

Premadasa said that he cannot agree to an interim government with Rajapaksa remaining as President. The SJB said that it is also prepared to impeach the President. He also submitted a set of proposals to Parliament on behalf of the SJB to address the economic crisis in Sri Lanka.

The opposition backs the public protests happening all over the island, demanding the resignation of the president and the entire Rajapaksa family. Opposition JVP legislator Vijitha Herath said if Rajapaksa does not resign there needs to be a motion of impeachment for his removal as President. "If he is not responsive to the problems of the people let’s be ready to impeach and remove him,” he said.

Thousands of people from all walks of life have been demonstrating, demanding a solution to the crisis and calling for Rajapaksa to resign over economic mismanagement. Rajapaksa has resisted the demands to step down, even after members of his own coalition joined the anti-government demonstrations this week, with governing party lawmakers calling for the appointment of an interim government to avoid possible violence.

Parliament has failed to reach a consensus in three days of debate on how to deal with the economic crisis. The President and his older brother, Prime Minister Mahinda Rajapaksa, continue to hold power, despite their family being the focus of public ire. Five other family members are lawmakers, including Basil Rajapaksa, Irrigation Minister Chamal Rajapaksa and a nephew, Sports Minister Namal Rajapaksa.

Also read: Sri Lanka Economic crisis: Political culture in the country needs to change, says Roshan Mahanama

The government speakers defend the ruling family, saying the President need not resign as protests were meant to achieve ”extra constitutional aims”. Rajapaksa last month said his government was in talks with the International Monetary Fund and had turned to China and India for loans, and he appealed to people to limit their use of fuel and electricity.

The Sri Lankan government has appointed an advisory committee comprising eminent economic and fiscal experts to provide guidance on addressing the current debt crisis and engaging with the IMF and other lenders as the island nation struggles to combat the unprecedented shortage of foreign reserves. Foreign Minister Peiris told the foreign diplomats in the country on Wednesday that the government is ready to provide solutions to the existing problems in accordance with the country’s Constitution.

Briefing the Diplomatic corps on Wednesday at the Ministry of Foreign Affairs, Minister Peiris said that the Government of Sri Lanka was fully aware of the severe hardships of the people and its magnitude with the most pressing issues being power cuts, shortage of gas, fuel and essential medicines. Meanwhile, public and semi-public sector employees on Friday launched an island-wide one-day strike to protest against the government. Many government institutions across the country have become inactive due to the token strike by the employees of state and semi state institutions.

Also read: Ready to ship rice, medicines to Lankan Tamils: TN to Centre

(Edited by : Anand Singha)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Euro rebounds before German inflation data
Euro rebounds before German inflation data
Jul 31, 2025
The euro rose in European markets on Thursday against a basket of major global currencies, marking its first gain in six sessions against the US dollar. This comes as part of an attempted rebound from a two-month low, driven by renewed buying interest at lower levels. However, despite todays rise, the euro is on track for its first monthly loss...
The Fed is divided ahead of the rate decision.. Will it yield to Trump or defy him?
The Fed is divided ahead of the rate decision.. Will it yield to Trump or defy him?
Jul 30, 2025
The Federal Reserve is widely expected to keep interest rates unchanged on Wednesday, amid internal divisions over the future path of monetary policy, as President Donald Trump and other White House officials intensify pressure on the central bank. Trump escalated that pressure on Wednesday morning, following the release of economic data showing US GDP grew at an annualized rate of...
The Fed holds interest rates unchanged for fifth straight meeting
The Fed holds interest rates unchanged for fifth straight meeting
Jul 30, 2025
The Federal Reserve announced on Wednesday its decision to keep the interest rate unchanged in the range of 4.25% to 4.50%, marking the fifth consecutive hold. ...
BOC holds rates unchanged as Trump's August deadline approaches
BOC holds rates unchanged as Trump's August deadline approaches
Jul 30, 2025
The Bank of Canada kept its key interest rate unchanged at 2.75% on Wednesday, citing the resilience of the Canadian economy despite the ongoing global trade war sparked by the United States. Governor Tiff Macklem stated in pre-prepared remarks that the boards decision was based on a clear consensus. He explained that the Canadian economy has not experienced a sharp...
Copyright 2023-2026 - www.financetom.com All Rights Reserved