Sri Lanka Presents Plan in Parliament to Cut President’s Powers
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Sri Lanka’s government introduced a parliamentary proposal to curb the powers of the president’s office, the first step to reform a political system widely seen as responsible for tipping the country into economic chaos and bankruptcy.
The passing of the proposed constitutional amendment would be a win for President Ranil Wickremesinghe and buy him time to institute tough economic reforms to secure a bailout from the International Monetary Fund as the country struggles to find funds for food and fuel supplies.