Video: IMF should have pointed out economic flaws - Harsha

20 June 2012 08:19 am

UNP parliamentarian Harsha De Silva said he did not understand why the IMF did not point out flaws in Sri Lanka’s economic system as mentioned by the Standard & Poors (S&P) rating services.

“I don’t know why the IMF didn’t point this out in its report as clearly stated in the S&P report. Just like what the S&P has done by pointing out the flaws in Sri Lanka’s banking system, the IMF should have also done so,” Dr. De Silva said.

In its most recent ratings in the ‘Banking Industry Country Risk Assessment’, the S&P rated Sri Lanka as belonging to the ‘very high risk category”. (Hafeel Farisz & Nishan Casseem)