President Gotabaya Rajapaksa has vowed to finish the remaining two years in his term, despite months-long street protests calling for his ouster, but won’t stand for re-election, as he focuses on fixing a financial mess that tipped Sri Lanka into its worst-ever economic crisis.
“I can’t go as a failed President,” Rajapaksa said on Monday, in a wide-ranging interview at his official residence in Colombo, his first with a foreign Media organisation since the crisis unfolded. “I have been given a mandate for five years. I will not contest again.”
The defiance comes in the face of slogans of “Gota Go Home,” with protesters blaming Rajapaksa and his family for decisions that led to severe shortages of everything from fuel to medicine, stoking inflation to 40 per cent and forcing a historic debt default.
Thousands of demonstrators have camped outside the President’s seaside office since mid-March, forcing him to retreat to his barricaded official residence about a kilometre away.
The economic tailspin spiralled into political turmoil with the resignation of the President’s elder brother – Mahinda Rajapaksa – as the Nation’s Prime Minister, after clashes between government supporters and the protesters turned bloody in May.
“This is unlikely to placate protesters who are calling for his immediate resignation,” said Patrick Curran, an economist at Tellimer. “With Presidential Elections more than two years away, Rajapaksa’s decision to see his term through will contribute to heightened political uncertainty over the next couple years and could hamper reform efforts.”
The President said he wanted to replicate his previous successful stints serving the Nation. Gotabaya Rajapaksa oversaw the Urban Development Authority and was Sri Lanka’s Defence Secretary under then-President Mahinda Rajapaksa, when they ended a 30-year war in 2009.
The President reiterated his controversial goal to push through “natural agriculture,” a short-lived move to ban chemical fertilisers that caused crop output to slump.
Gotabaya Rajapaksa was also sceptical about the success of a planned amendment to the Constitution, which seeks to contain the Executive Presidency. Cabinet is due to approve the proposals as early as Monday, which would rollback wide-ranging powers Gotabaya Rajapaksa pushed through Parliament shortly after he was elected President in 2019.
A draft of the 21st Amendment gives some powers back to the Parliament and restores independence to commissions in key decision-making.
Either the presidency should be abolished or the Parliament is kept out of governing, Gotabaya Rajapaksa said.
“You can’t have a mixed system,” he said. “I experienced this and now know. People may blame me when I say this, but that’s the truth.”