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Sri Lanka PM Appointed Finance Minister to Lead Debt Talks

  • Nation marks first sovereign debt default since independence
  • Asia’s fastest inflation is forecast to worsen to 40% from 30%
Ranil Wickremesinghe on May 12. 

Ranil Wickremesinghe on May 12. 

Photographer: Buddhika Weerasinghe/Bloomberg
Updated on

Sri Lanka’s newly appointed Prime Minister Ranil Wickremesinghe will double up as finance minister leading bailout talks with the International Monetary Fund. 

Wickremesinghe, who was appointed this month following violent unrest, was sworn in by President Gotabaya Rajapaksa as Minister of Finance and Economic Stabilization and National Policies, according to a statement from the presidential media unit.