COLOMBO, July 12 (Xinhua/BBC): Sri Lanka's speaker of parliament on Monday said political party leaders have decided to elect a new president on July 20 through a vote in parliament.
In a statement, Speaker Mahinda Yapa Abeywardena said that following a meeting with all political party leaders, it was decided to convene parliament sessions on July 15 and inform the parliament that there was a vacancy for the presidency.
Nominations for the presidency will be called for on July 19 and a vote will be taken on July 20 to elect a new president, the speaker said.
Party leaders also decided to form an all-party government under the new president and take steps to continue the supply of essential services.
Sri Lanka's President Gotabaya Rajapaksa on Saturday said he will step down from the presidency on July 13 amid economic and political instability.
Sri Lanka's main opposition leader Sajith Premadasa has told the BBC he intends to run for president, once Gotabaya Rajapaksa steps down.
This comes after his Samagi Jana Balawegaya (SJB) party held talks with allies to get support for the move.
Sri Lanka is facing an unprecedented economic crisis which has brought thousands to the streets since March.
The country has run out of cash and is struggling to import basic items like food, fuel and medicine.
President Rajapaksa announced that he plans to resign this week, and the Speaker of parliament has said lawmakers will choose the next president on 20 July.
Mr Premadasa told the BBC that his party and allies agreed he should be "putting my nomination for the position of presidency, if a vacancy occurs".
He lost the presidential election in 2019, and would need the support of the governing alliance MPs to win.
He is banking on getting it due to the popular discontent against Mr Rajapaksa and his family, who have dominated Sri Lankan politics for more than two decades.
The country's inflation rate reached a whopping 55% in June, and millions of people are struggling to make a living.
Mr Premadasa said he was ready to take part in an all-party interim government.
The SJB leader has been criticised for refusing to take the post of prime minister when it was offered to him in April. His rival Ranil Wickremesinghe was appointed - but has also indicated he would resign to make way for a unity government.
Mr Premadasa described the current situation in Sri Lanka as "confused, uncertainty and total anarchy", saying it needs "consensus, consultation, compromise and coming togetherness".
The country's usable reserves have dropped to around $250m (£210m), according to local media reports.
The crippling shortage of fuel has devastated public transport. There are rolling power cuts as power plants lack enough fuel to function. Schools are closed this week as well due to the fuel crisis. Many people are trying to leave the country.
Mr Premadasa has conceded that there are no quick fixes.
To return the economy to 2019 levels would take approximately four to five years, he said, adding that his party had an economic plan to overcome the crisis.
"We are not going to hoodwink the people. We are going to be frank and present a plan to get rid of Sri Lanka's economic ills," Mr Premadasa said.
Sri Lanka to elect new president on July 20 through voting in parliament
Opposition leader to run for presidency
FE Team | Published: July 12, 2022 21:21:03
Sajith Premadasa
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