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Govt. may seek IMF assistance

13 December 2021 06:51 am - 13     - {{hitsCtrl.values.hits}}

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Referring to reports which said that a special cabinet meeting has been summoned today to decide whether the government should seek IMF assistance to get out of the economic crisis, SJB MP Harsha de Silva said it is too late for it without a restructuring of debts. “Restructuring of debts is a must. Government should first announce a temporary suspension on debts and should look for ways and means which will minimize the suffering of people, ”dr de Silva told a joint press conference he had with MP Eran Wickramaratne. “Government should have sought IMF assistance months ago when we suggested it,” he added. He said Sri Lanka’s debt services for the next six weeks is $ 1440 million which includes payments in relation to development, sovereign bonds, and other obligations which include $ 200 million development bonds and several other obligations. In addition, the SJB MP said the annualized yield of international sovereign bonds had risen to more than 180 percent. “Who would purchase sovereign bonds at such a rate?” he questioned. The MP said his party is willing to support the government to resolve the economic crisis for the sake of the people. (YOHAN PERERA)

  Comments - 13

  • Econ-Mutt Monday, 13 December 2021 08:19 AM

    Is it so difficult to take a decision? By the way, does IMF give gifts?

    BuffaloaCitizen Monday, 13 December 2021 10:15 AM

    Yes IMF will give gifts, but not to crooked nations such as SL.

    Kikazaru Monday, 13 December 2021 08:48 AM

    In the present financial state, the best place to go is the Afghan Bai!

    Banker Monday, 13 December 2021 09:13 AM

    What if the IMF decides to refuse assistance just to teach a lesson for the Govt's intransigence ?

    Jude Monday, 13 December 2021 09:17 AM

    Well, India in the process of offering a loan to "We can pay the Debt" SL, yeah

    Karalasingam Sivalingam Monday, 13 December 2021 09:36 AM

    Seek Harsha de Silva's counsel. We are drowning. Every minute is precious. Save our people.

    jan Monday, 13 December 2021 09:37 AM

    Mr Harsha now Srilankans knew One thing Clearly, That Both Parties Very Old Mentally ill UNDERPERFORMING CROOKED BOTH PARTIES IS NOT REQUIRED ANY MORE NOW NEED YOUNG LEADER WITH EXPERIENCE TO RUN THE GOVERNMENT BY ONLY 12 MEMBERS ONLY NO MORE

    joshua Monday, 13 December 2021 09:58 AM

    Hope IMF teach these fellows a good good lesson when they go with the bowl

    N SENA Monday, 13 December 2021 11:03 AM

    WILL CABAAL JOIN THE TEAM? TO TAKE A LOAN TO REPAY OLD DEBT

    sas Monday, 13 December 2021 12:58 PM

    This government does not listen to the views expressed by educated people like Dr. Harsha De Silva.

    Demuni Uduwara Monday, 13 December 2021 06:57 PM

    IMF is not a rural bank !

    VJ Monday, 13 December 2021 07:25 PM

    Cabral is a proven failure well documented. Handing the CB back to the same man is not because he has suddenly become intelligent, he is a highly competent crook.

    Siripala Fernando Tuesday, 14 December 2021 12:21 PM

    What you did Harsha while you were in power with RW!! Now talking rubbish to gain power gain - I think you will be out soon.


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