President urgently convenes cabinet today to discuss financial crisis

22 February 2022 10:44 am Views - {{hitsCtrl.values.hits}} 24 Bookmark

CHATURANGA PRADEEP SAMARAWICKRAMA Follow

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President Gotabaya Rajapaksa has urgently convened a cabinet meeting today to discuss the financial crisis facing the country as well as the fuel and power issues, a senior government source told Daily Mirror last night.

At the cabinet meeting held yesterday evening, the President decided to reconvene the cabinet this evening to discuss these burning issues which had spread much anger amongst the public who have desperately urged the government for some relief.

Sri Lanka has been facing its worst-ever financial crisis in recent years with the stock market also suffering a brunt yesterday.

According to brokers, Sri Lanka’s stock index plunged 4.47 percent yesterday to its lowest since October 2020 from declining shares and economic panic possibly caused by the power cuts and fuel shortage which may have impacted investor confidence.

The government has been expecting some form of redress coming in the form of financial loans from countries such as India, Saudi Arabia and even China.

The President is to discuss these issues at the cabinet meeting today evening and find some form of solutions to move ahead.( JAMILA HUSAIN)

Comments - 24

ravin Tuesday, 22 February 2022 11:02 AM

So ...... man who was supposed to have seven brains before his appointment now proves he is brainless?

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Citizen Tuesday, 22 February 2022 11:14 AM

The President is wasting his time calling a cabinet meeting as 90% of the cabinet ministers don't even have the GCE O/L. What advise can they give other than saying Yes Sir No Sir 3 bags full

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cheran Tuesday, 22 February 2022 11:21 AM

Woke up finally

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Molai Hathak. Tuesday, 22 February 2022 11:25 AM

Strange ! How did the President suddenly wake up? Is it the result of the statement of Gammanpila ?

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ala Tuesday, 22 February 2022 11:26 AM

wake up from the slumber!! what a dealer

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Waco Tuesday, 22 February 2022 11:28 AM

Reduce the numbers in the Parliament. Send KAPUTAS back to his adopted country. Because he can not speak in Sinhalese or in English.

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Daya Tuesday, 22 February 2022 11:32 AM

We are only looking at borrowing money which is going to increase our debts, but no strategic plans to bring money through foreign investments, streamline the BOI approval process to attract the investments.

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joshua Tuesday, 22 February 2022 11:33 AM

7 brains and clueless Cabraal printers are screwing the economy in style. Voters with a lunch packet, cap and half of a bottle of arrack asked for this....now enjoy.

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Ram Tuesday, 22 February 2022 11:34 AM

When the burning issues started to burn where was our President

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Sampath Tuesday, 22 February 2022 11:41 AM

This time no Major Generals to handle the crisis?

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Dee Tuesday, 22 February 2022 11:48 AM

No point if the cabinet status governor also joins in the discussion

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Johan Tuesday, 22 February 2022 11:50 AM

Planning to print fake dollars :?

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Sri lankan Tuesday, 22 February 2022 11:51 AM

A troop of Monkies cannot make any difference to the economy. If you really love this country, please resign.

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sam Tuesday, 22 February 2022 12:18 PM

Financial crisis will last as long as the dollar remains at a unrealistic level.

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timid mouse Tuesday, 22 February 2022 12:22 PM

you thought you are a superbrain but in reality you are a Zero brain.

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Mohamed shakeeb Tuesday, 22 February 2022 01:15 PM

Remove Kaputa from Finance immediately

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citizenD Tuesday, 22 February 2022 01:16 PM

Meeting after meeting but aimless. Endless suffering by people. Governor clueless and trial

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Lellawutan Tuesday, 22 February 2022 01:34 PM

definitely must be cracking jokes and throwing paper rockets in the meeting.

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anura hettiarachchi Tuesday, 22 February 2022 01:35 PM

welcome to the real world. Pls enjoy a bit of what we are now enjoying. Now more than 50% of crisis solved, as you know and accept there is a crisis. One step at a time...Good luck Sri Lanka

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Decentgent Tuesday, 22 February 2022 01:48 PM

Prez should hv woken up much earlier by ignoring his advisors around him. An earlier convening of the cabinet n opposition parties would hv prompted him to seek assistance from IMF. Cabraal doesn't hv a good record being a CB governor, so his policies cannot take the country forward. 1. Immediately reduce the number of cabinet n cut down the unnecessary expenses of the MPs. 2. Stop spending on new project. 3.Personally meet the farmers n pay compensation for their loss of harvest n livelihood. 4. Open all universities. 5. Health workers salary anomalies should be rectified. 5.Minor ethnic groups should not be targeted n respected by law. 6. Incentives to manufacturers to promote export. Good rapport with the trade unions as they are a big headache to the govts in power. Seek advise from intellectuals.

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Freddy Foxx Tuesday, 22 February 2022 01:52 PM

You call a round table meeting. You sit at the head of the table and start muttering nonsense while the stooge's nod their heads looking very sombre and go back thinking to themselves 'what the hell was that all about'.

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mnsmart Tuesday, 22 February 2022 02:14 PM

Go for a snap election and let the voters appoint suitable leaders to lead the country and get out of this mess.

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Martin Milton Tuesday, 22 February 2022 05:05 PM

Has HE just woken up??? MM

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Kps Tuesday, 22 February 2022 06:20 PM

Only answer to these problems is simple just leave you and your family from all the Governments positions. Well how about resettling in USA.

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