Sri Lanka Economic Crisis: New President to elected, main opposition party SJB stamped the name of Sajith Premadasa

After President Gotabaya Rajapaksa announced his intention to resign on Wednesday, political parties in Sri Lanka began taking steps on Monday to form an all-party government. The Prime Minister's Office (PMO) has announced that a new President will be elected in Parliament on July 20. The main opposition party in Sri Lanka, Samagi Jana Balawegaya (SJB), unanimously decided on Monday to nominate Sajith Premadasa for the position of interim president.

• New President to be elected on 20th July in Sri Lanka Crisis

• Speaker of Parliament announced, decision in meeting of leaders of all parties

• Political parties took steps towards formation of an all-party government

According to the SJB, party secretary Ranjith Madduma Bandara proposed the name Sajith Premadasa, which was approved by the parliamentary group. The SJB has approximately 50 MPs in Parliament and requires the support of 113 MPs to win a vote in Parliament. According to News1, opposition leader Sajith Premadasa stated that he is willing to play his part in protecting the motherland and resolving the country's economic crisis.

SriLanka New President will be elected on July 20

On the same day, Parliament will elect a new President. The Prime Minister's Office (PMO) announced on Monday that President Gotabaya has officially informed Prime Minister Ranil Wickremesinghe that he will resign on July 13.

Interim government will be formed

The PMO said that as soon as the new all-party interim government is formed, the entire Sri Lankan cabinet will resign and hand over its responsibilities to the new government. Meanwhile, Speaker of Parliament Mahda Yapa Abhaywardene announced that members of parliament will elect a new president next week on July 20, who will succeed Gotabaya Rajapaksa. This decision was taken in an important meeting of leaders of all parties on Monday.