Supporters of newly electedSriLankan President Ranil Wickremesinghe celebrate in Colombo, Wednesday, July 20, 2022.
A sullen crowd reacted to the election ofSriLanka's new president with disappointment Wednesday, near the protest camp where they last week celebrated chasing his predecessor into exile. Around 200 people gathered under a sweltering morning sun to watch the contest outside the presidential secretariat in Colombo, one of several government buildings stormed by protesters earlier this month.
Sri Lanka's new president will have to deal with daunting political challenges and his reforms should include tax rises to stabilize a devastated economy, the central bank governor told the Financial Times on Wednesday.
India said on Wednesday that it will continue to be supportive of theSriLankan people's quest for stability and economic recovery, through democratic means and values, established democratic institutions and constitutional framework.