Sri Lankan president admits making mistakes as economic crisis lingers
Update: April 18, 2022 11:19 p.m. STI
Colombo [Sri Lanka]Apr 18 (ANI): Admitted that his government had made mistakes on some political fronts, Sri Lankan President Gotabaya Rajapaksa said on Monday he was ready to correct those mistakes and move forward.
Sri Lanka’s economy has been under pressure since the start of the COVID-19 pandemic. A crash in the tourism sector was followed by a crash in the agricultural sector after the government decided to ban all chemical fertilizers in a bid to make the island nation’s agriculture entirely organic.
Addressing newly appointed Cabinet ministers, Rajapaksa said he now believed it was a mistake not to provide chemical fertilizers to farmers and action would be taken
He said people were suffering because of the economic crisis and expressed regret, the Colombo Page reported.
Rajapaksa even acknowledged the anger of people spending time in queues for essential items. “I am speaking to you at a time when Sri Lanka is facing a watershed moment economically, politically and socially,” he added.
Twenty-one new ministers of state were sworn in before the Sri Lankan president on Monday, hours after 17 new ministers were sworn in earlier.
In a ceremony held at the President’s official house, the ministers were sworn in by the President as the South Asian nation faced severe political and economic instability.
The island nation is facing its worst economic crisis since independence with food and fuel shortages, soaring prices and power cuts affecting large numbers of people, leading to massive protests over the handling of the situation by the government.
Sri Lanka faces a shortage of foreign exchange, which has affected its ability to import food and fuel. The shortage of basic necessities has forced Sri Lanka to seek help from friendly countries.
The economic situation has led to huge protests with demands for the resignation of Prime Minister Mahinda Rajapaksa and President Gotabaya Rajapaksa.
Earlier, Prime Minister Mahinda Rajapaksa in a special address to the nation asked people to remain patient and stop taking to the streets to allow the government to resolve the situation. (ANI)