Sri Lanka passes constitutional amendment trimming presidential powers
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Friday
February 03, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
FRIDAY, FEBRUARY 03, 2023
Sri Lanka passes constitutional amendment trimming presidential powers

Sri Lanka Crisis

Reuters
21 October, 2022, 07:50 pm
Last modified: 21 October, 2022, 07:56 pm

Related News

  • China has not done enough on Sri Lanka debt restructuring - US diplomat
  • Bangladesh in better position than Sri Lanka, Pakistan to navigate forex crisis: UCB Asset Management
  • Sri Lanka leader suspends parliament until policy address
  • Sri Lanka economy could shrink by -3.5% to -4%, president says
  • China differs with IMF on Sri Lanka debt moratorium

Sri Lanka passes constitutional amendment trimming presidential powers

Reuters
21 October, 2022, 07:50 pm
Last modified: 21 October, 2022, 07:56 pm
Security personel patrol in a boat in the premises of the Parliament building, amid the country's economic crisis, in Colombo, Sri Lanka July 16, 2022. REUTERS/Adnan Abidi
Security personel patrol in a boat in the premises of the Parliament building, amid the country's economic crisis, in Colombo, Sri Lanka July 16, 2022. REUTERS/Adnan Abidi

Sri Lanka's parliament on Friday passed a constitutional amendment that will trim presidential powers, beef up anti-corruption safeguards and help find a way out of the worst financial crisis in decades.

The amendment was passed with the required two-thirds majority needed in parliament to pass such laws. A total of 174 members from the 225-member house voted in favour.

Sri Lanka has struggled for months to find enough US dollars to pay for essential imports such as fuel, food, cooking gas and medicine during its worst economic downturn in more than seven decades.

Many Sri Lankans blame former president Gotabaya Rajapaksa for implementing multiple failed policies including tax cuts, a now-reversed ban on chemical fertilisers and delays in seeking International Monetary Fund (IMF) assistance that worsened the crisis and resulted in the country defaulting on its foreign debt for the first time in history.

As a response to widespread anti-government protests, Rajapaksa had backed constitutional reforms that would reduce the powers of the executive presidency and allocate them to parliament in June. He resigned the next month after protesters stormed his office and residence.

"This amendment will not only help bring about the system change demanded by Sri Lankans it will also help in securing an IMF programme and other international assistance to rebuild the economy," Justice Minister Wijedasa Rajapakshe told parliament.

Top News / World+Biz / South Asia / Politics

Sri Lanka / presidential powers / Constitution

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Let's be big enough to accept this economic gift
    Let's be big enough to accept this economic gift
  • Infographic: TBS
    DNCC hospital asked to keep isolation ward ready as Nipah spreads to 28 districts
  • Gautam Adani. Photo: Bloomberg
    Adani's $108 billion crisis shakes investors' faith in India

MOST VIEWED

  • Sri Lanka's President Ranil Wickremesinghe looks on during an interview with Reuters at Presidential Secretariat, amid the country's economic crisis, in Colombo, Sri Lanka August 18, 2022. REUTERS/ Dinuka Liyanawatte/File Photo
    Sri Lanka leader suspends parliament until policy address
  • FILE PHOTO: A vendor waits for customers at a shoe shop in the main market as Sri Lankan President Ranil Wickremesinghe announced 2023 budget amid the country's economic crisis, in Colombo, Sri Lanka, November 14, 2022. REUTERS/ Dinuka Liyanawatte
    Sri Lanka economy could shrink by -3.5% to -4%, president says
  • A general view of Sri Lanka's main business city as Sri Lankan President Ranil Wickremesinghe announced 2023 budget amid the country's economic crisis, in Colombo, Sri Lanka, November 14, 2022. REUTERS/ Dinuka Liyanawatte
    China's EXIM bank gives Sri Lanka debt extension
  • Drivers push auto rickshaws in a line to buy petrol from a fuel station, amid Sri Lanka's economic crisis, in Colombo, Sri Lanka, July 29, 2022. REUTERS/Kim Kyung-Hoon/
    Sri Lanka says debt-restructuring talks making progress
  • Nandalal Weerasinghe, newly appointed Governor of the Central Bank of Sri Lanka, speaks during a news conference, amid the country's economic crisis in Colombo, Sri Lanka, April 8, 2022. REUTERS/Dinuka Liyanawatte
    Sri Lanka hoping to complete debt restructuring in six months
  • Since there is no alternative to conventional classroom learning in Sri Lanka, missing school has a massive impact on all children
Photo: DW
    How hunger is keeping Sri Lankan children away from school

Related News

  • China has not done enough on Sri Lanka debt restructuring - US diplomat
  • Bangladesh in better position than Sri Lanka, Pakistan to navigate forex crisis: UCB Asset Management
  • Sri Lanka leader suspends parliament until policy address
  • Sri Lanka economy could shrink by -3.5% to -4%, president says
  • China differs with IMF on Sri Lanka debt moratorium

Features

Andy Mukherjee. Sketch: TBS

What makes India's billionaires' support special for Adani

8h | Panorama
Photo: Rejaul Hafiz Rahi

A jackal farewell

9h | Earth
The trio spearheading the revival of book cover designs

The trio spearheading the revival of book cover designs

10h | Panorama
Six Jeep Wranglers and a special XJ Jeep Cherokee set out into the depths of Lalakhal, Sylhet for an experience of a lifetime. Photo: Ahbaar Mohammad

Jeep Life Bangladesh: A club for Jeep owners to harness the power of their vehicles

1d | Wheels

More Videos from TBS

A proper price formula can help investors to plan big

A proper price formula can help investors to plan big

1d | TBS Round Table
Rumors about Sarika that everyone thinks are true

Rumors about Sarika that everyone thinks are true

23h | TBS Entertainment
Mugging rife in Tejgaon, murder in Wari

Mugging rife in Tejgaon, murder in Wari

1d | TBS Current Affairs
What secrets are hidden behind Adani's wealth?

What secrets are hidden behind Adani's wealth?

1d | TBS Stories

Most Read

1
Bapex calls candidates for job test 9 years after advert!
Bangladesh

Bapex calls candidates for job test 9 years after advert!

2
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

3
Photo: Collected
Energy

8 Ctg power plants out of production

4
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

5
Photo: Collected
Court

Japanese mother gets guardianship of daughters, free to leave country

6
Fund cut as Dhaka's fast-track transit projects on slow spending lane
Infrastructure

Fund cut as Dhaka's fast-track transit projects on slow spending lane

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net