• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, August 8, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Sri Lanka Swears new President Into Office

July 21, 2022
Stephen M.Cby Stephen M.C
in Asia
0
Sri Lanka Swears new President Into Office

Ranil Wickremesinghe was sworn in as the new president of Sri Lanka by the Chief Justice in parliament

Sri Lanka’s Ranil Wickremesinghe has been sworn in as President, amid hopes that he will pull the country out of its economic suffering.

The 73-year-old took his oath at the tightly-guarded Parliament complex on Thursday, July 21, 2022. Mr. Wickremesinghe, the former Prime Minister, is seen as deeply unpopular with the public, but report also suggested that some protesters have said they will give him a chance.

Sri Lanka has seen months of mass unrest over an economic crisis. Many blamed the country’s standing on the Rajapaksa administration for mishandling the nation’s finances, with others seeing Mr. Wickremesinghe as also part of the problem. But there were few demonstrations on the streets the day after Mr. Wickremesinghe won the parliament vote.

RelatedPosts

China Welcomes New US-Russia Contact

International Backlash Mounts Over Israel’s Gaza City Takeover Plan

Gaza City Takeover Decision Decried

“He is here – and we will see what his actions are. If we don’t get any food, any medicine, we’ll be on the streets,” one woman who had joined protests last week told reporters on Thursday, July 21, 2022.

‘Not a Friend of the Rajapaksas’

Mr. Wickremesinghe, who won a majority among lawmakers with the backing of the Rajapaksa’s ruling party, the Sri Lanka’s People’s Front (SLPP), took pains to distance himself from the old leaders.

“I am not a friend of the Rajapaksas. I am a friend of the people,” he told reporters on Wednesday, July 20, 2022, after defeating his main rival, an SLPP Member of Parliament by 134 votes to 82.

On Thursday, July 21, 2022, the opposition signalled they would be willing to work with Mr Wickremesinghe. Local media is reporting that his cabinet is likely to include opposition Members of Parliament. However, many protesters have expressed despair and disappointment over a Rajapaksa-allied politician’s victory. “I am absolutely disgusted at the result… I cannot believe that 134 people – MPs that are supposed to represent the people – have completely disregarded the wants of the people,” an activist, Jeana De Zoysa expressed to the media.

Before the Current State

Now sworn in as President, Mr. Wickremesinghe is aiming to restore political stability of the country as he resumes negotiations with the International Monetary Fund for a bailout package, estimated to be about $3bn.

Sri Lanka has been wracked with protests for months because the country is bankrupt and facing acute shortages of food, fuel and other basic supplies. Tens of thousands of protesters last week, marched in the streets of Colombo (capital of Sri Lanka) calling for ex-President Gotabaya Rajapaksa and Mr. Wickremesinghe to resign.

Protesters 1
Protesters wearing and chanting ‘Ranil Go Home’ slogans at a rally in Colombo hours after his election

As a result of the unquenched protest, Mr. Rajapaksa fled the country in the early hours of July 13, 2022, after the protesters stormed and occupied his political residence. Reports circulated that he flew to the Maldives and then Singapore, from where he issued his official resignation.

However, Mr. Wickremesinghe did not resign, although he initially offered to, but instead, accepted the position of Acting President when Mr. Rajapaksa fled the country. When he assumed the job of Acting President, he ordered the military to do whatever was necessary to restore public order, following protesters storming and occupying government buildings.

He also extended a national state of emergency order this week to stamp out any flare-ups. Ranil, a former six-time Prime Minister, failed in his previous two runs for the Presidency. His victory on Wednesday, July 20, 2022, means he will serve out the rest of the presidential term until November 2024.

READ ALSO: Key Russian Pipeline Resumes Pumping Gas to Europe

Tags: Economic CrisisPresidentprotestRanil WickremesingheSri Lanka
Please login to join discussion
Previous Post

Weak Leaders Attributed To Rising Corruption In The Country

Next Post

Fires and Natural Hazards Remain Significant Loss Drivers for Insurance Companies- AGCS

[mc4wp_form id="1264"]

Related Posts

CIB Ghana Brings Stakeholders Together to Align Monetary Policy with Growth
Banking

CIB Ghana Brings Stakeholders Together to Align Monetary Policy with Growth

August 8, 2025
Ghana Set to Smash All 2025 Economic Targets – IC Research Hails Strong H1 Performance
Economy

Ghana Set to Smash All 2025 Economic Targets – IC Research Hails Strong H1 Performance

August 8, 2025
UBA and PAPSS Join Forces to Power Instant, Low-Cost Cross-Border Payments Across Africa
Banking

UBA and PAPSS Join Forces to Power Instant, Low-Cost Cross-Border Payments Across Africa

August 8, 2025
Vance And Lammy Navigate Gaza Disagreements Diplomatically
UK

Vance And Lammy Navigate Gaza Disagreements Diplomatically

August 8, 2025
Xi In Kazakhstan Ahead Of Second China-Central Asia Summit.
Asia

China Welcomes New US-Russia Contact

August 8, 2025
EU To Present Plan To Boost High Speed Rail Travel
Europe

EU To Present Plan To Boost High Speed Rail Travel

August 8, 2025
CIB Ghana Brings Stakeholders Together to Align Monetary Policy with Growth
Banking

CIB Ghana Brings Stakeholders Together to Align Monetary Policy with Growth

by Stephen M.CAugust 8, 2025
Ghana Set to Smash All 2025 Economic Targets – IC Research Hails Strong H1 Performance
Economy

Ghana Set to Smash All 2025 Economic Targets – IC Research Hails Strong H1 Performance

by Stephen M.CAugust 8, 2025
UBA and PAPSS Join Forces to Power Instant, Low-Cost Cross-Border Payments Across Africa
Banking

UBA and PAPSS Join Forces to Power Instant, Low-Cost Cross-Border Payments Across Africa

by Stephen M.CAugust 8, 2025
Vance And Lammy Navigate Gaza Disagreements Diplomatically
UK

Vance And Lammy Navigate Gaza Disagreements Diplomatically

by Lawrence AnkutseAugust 8, 2025
Xi In Kazakhstan Ahead Of Second China-Central Asia Summit.
Asia

China Welcomes New US-Russia Contact

by Comfort AmpomaaAugust 8, 2025
EU To Present Plan To Boost High Speed Rail Travel
Europe

EU To Present Plan To Boost High Speed Rail Travel

by Comfort AmpomaaAugust 8, 2025
CIB Ghana Brings Stakeholders Together to Align Monetary Policy with Growth
Ghana Set to Smash All 2025 Economic Targets – IC Research Hails Strong H1 Performance
UBA and PAPSS Join Forces to Power Instant, Low-Cost Cross-Border Payments Across Africa
Vance And Lammy Navigate Gaza Disagreements Diplomatically
Xi In Kazakhstan Ahead Of Second China-Central Asia Summit.
EU To Present Plan To Boost High Speed Rail Travel
[/vc_row_inner]

Recent News

  • CIB Ghana Brings Stakeholders Together to Align Monetary Policy with Growth
  • Ghana Set to Smash All 2025 Economic Targets – IC Research Hails Strong H1 Performance
  • UBA and PAPSS Join Forces to Power Instant, Low-Cost Cross-Border Payments Across Africa
  • Vance And Lammy Navigate Gaza Disagreements Diplomatically
  • China Welcomes New US-Russia Contact
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.