AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Sri Lanka Cabinet Approves Constitutional Reform to Limit President Powers

admin-augaf by admin-augaf
June 21, 2022
in Business, International
Reading Time: 2 mins read
0
Sri Lanka
Share on FacebookShare on TwitterWhatsapp

Colombo June 21 2022: Sri Lanka’s cabinet has approved constitutional reforms aimed at clipping the powers of the presidency amid months of protests demanding the ouster of President Gotabaya Rajapaksa for dragging the nation’s economy into an unprecedented crisis.

The endorsement is a step in what could be a protracted process to amend the sections of the constitution that gave sweeping powers to Rajapaksa’s office. The amendment will be sent to the legal draftsman and the attorney general for observations about its compatibility with the constitution, cabinet spokesman Bandula Gunawardena told reporters in Colombo Tuesday.

Sri Lanka fell into default for the first time in its history last month as the government has struggled to halt an economic meltdown that prompted mass protests and a political crisis. While side-stepping calls for his resignation, Rajapaksa has tried to contain anger toward him and his family by agreeing to the constitutional amendments.

The Sri Lanka Bar Association has questioned the extent to which the amendments will scale back the powers Rajapaksa gave to his office shortly after he returned to power in 2019. The latest amendment approved by cabinet Monday, following discussions among lawmakers, will also need the votes of two-thirds of the members of parliament to become law.

Gunawardena gave no details on Tuesday except to say the constitutional recast will give more powers to parliament.

“The latest amendments will improve good governance, which is part of the International Monetary Fund, other lender requirements and the international view,” Gunawardena said. “It will help with the IMF negotiations.”

Sri Lankan authorities on Monday began talks with the IMF, working toward an agreement that could offer creditors enough comfort to lend fresh funds to the bankrupt nation that’s seeking $6 billion in coming months.

Sri Lanka’s opposition leader Sajith Premadasa has said his party will boycott parliament this week and hold street protests against the government.

Tags: Srilanka
admin-augaf

admin-augaf

Related Posts

Pakistan Textile Exports increased 26 percent to USD 14.26 billion YoY in 9MFY22: APTMA
Business

Pakistan’s Textile Exports Surge 32% in July, Led by Value-Added Segments

August 22, 2025
Gold
Business

Gold Fields Half-Year Profit Triples on Record Prices

August 22, 2025
Pakistan will get back $900 million payment of Reko Diq dispute if conditions not met
Business

ADB To Provide $410 Million For Reko Diq Project

August 22, 2025
Fair Global Consult Fair Global Consult Fair Global Consult
ADVERTISEMENT

Recent News

Pakistan Textile Exports increased 26 percent to USD 14.26 billion YoY in 9MFY22: APTMA

Pakistan’s Textile Exports Surge 32% in July, Led by Value-Added Segments

August 22, 2025
Gold

Gold Fields Half-Year Profit Triples on Record Prices

August 22, 2025
Pakistan will get back $900 million payment of Reko Diq dispute if conditions not met

ADB To Provide $410 Million For Reko Diq Project

August 22, 2025
Moody

Moody’s Upgrade Ratings of Five Pakistani Banks

August 20, 2025
EPQL accept PPIB proposal to operate plant on comingled fuel but at its own cost

EPQL Executed Supplemental Agreement to PPA with CPPA for Additional Gas

August 20, 2025

Popular News

  • NSS

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Petrol Prices in Pakistan to Return to July 2023 Levels

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Pakistan’s Textile Exports Surge 32% in July, Led by Value-Added Segments
  • Gold Fields Half-Year Profit Triples on Record Prices
  • ADB To Provide $410 Million For Reko Diq Project

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Pakistan Textile Exports increased 26 percent to USD 14.26 billion YoY in 9MFY22: APTMA

Pakistan’s Textile Exports Surge 32% in July, Led by Value-Added Segments

August 22, 2025
Gold

Gold Fields Half-Year Profit Triples on Record Prices

August 22, 2025
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.