{"id":136607,"date":"2023-08-25T15:10:17","date_gmt":"2023-08-25T22:10:17","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=136607"},"modified":"2023-08-25T15:10:17","modified_gmt":"2023-08-25T22:10:17","slug":"gammanpila-stresses-need-for-sl-to-join-brics-writes-to-president","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2023\/08\/25\/gammanpila-stresses-need-for-sl-to-join-brics-writes-to-president\/","title":{"rendered":"Gammanpila stresses need for SL to join BRICS, writes to President"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy The Daily Mirror<\/em><\/span><\/h2>\n\n\n<p>Pivithuru Hela Urumaya(PHU) leader MP Udaya Gammanpila requested President Ranil Wickremesinghe in writing to take steps for Sri Lanka to become a member of BRICS, an organized named after its original five members- Brazil, Russia, China and South Africa.<\/p>\n\n\n\n<p>Gammanpila, in an open letter to the president, said global economic and political trends change fast, and the world power is shifting towards Asia.&nbsp;<\/p>\n\n\n\n<p>He said it is high time for Sri Lanka to review its foreign policy in the latest context and reset it accordingly.<br>At the latest summit of BRICS in Johannesburg, South Africa, another six countries &#8211; Saudi Arabia, Iran, Ethiopia, United Arab Emirates, Egypt and Argentina secured full membership. A number of other countries have sought to join it.&nbsp;<br>The countries in BRICS account for 27 percent of the global GDP. As an initiative of BRICS, a lending agency called \u2018New Development Bank\u2019 has been set up with an initial capital of US $ 50 billion as an alternative to the International Monetary Fund (IMF) and the World Bank.&nbsp;<br>&nbsp;<br>Gammanpila said the US dollar, as an international currency, dominated the global market with the backing of the G7 countries including the United States. He said BRICS is now exploring a common approach for international transactions, independent of the US dollar.&nbsp;<strong>(Kelum Bandara)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy The Daily Mirror Pivithuru Hela Urumaya(PHU) leader MP Udaya Gammanpila requested President Ranil Wickremesinghe in writing to take steps for Sri Lanka to become a member of BRICS, an organized named after its original five members- Brazil, Russia, China and South Africa. Gammanpila, in an open letter to the president, said global economic and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-136607","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/136607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=136607"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/136607\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=136607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=136607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=136607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}