Sri Lanka's ousted PM says U.S., Japan freeze aid over political crisis


  • World
  • Sunday, 04 Nov 2018

Sri Lanka's ousted Prime Minister Ranil Wickremesinghe gestures during an interview with Reuters at the Prime Minister's official residence in Colombo, Sri Lanka November 3, 2018. Picture taken November 3,2018. REUTERS/Dinuka Liyanawatte

COLOMBO (Reuters) - Sri Lanka's deposed Prime Minister Ranil Wickremesinghe said the United States and Japan had frozen more than a billion dollars of development aid after his abrupt dismissal raised doubts about the future of democracy in the island.

The move to hold back project financing, along with the EU's warning it could withdraw duty-free concessions for Sri Lankan exports if it didn't stick to commitments on national reconciliation, will further strain the economy, Wickremesinghe told Reuters in an interview.

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