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It’s too late for SL to seek IMF assistance: Champika

16 November 2022 01:12 pm - 7     - {{hitsCtrl.values.hits}}

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The National Council Sub Committee on Economic Stability has determined that Sri Lanka has been too late to seek IMF assistance.

Chairman of National Council Sub Committee on Economic Stability MP Patali Champika Ranawaka who presented the initial report of the subcommittee to media said the inquiries made by the committee has revealed that Sri Lanka has been too late to seek IMF assistance.

“Sri Lanka has made the mistake by seeking IMF assistance when its foreign reserves were at zero level. IMF assistance will come only during the second quarter of 2023, if Sri Lanka manages to get it,” the MP said.

It was also revealed that Sri Lanka’s debt has reached 120% of the GDP.

“The World Bank and Asian Development Bank has informed that they will assist Sri Lanka only if the nation performs well in the future,” he said.

Coming up with another staggering disclosure, he said 12% of Samurdhi beneficiaries are the ones who are among the richest 20% among the population.

“We have therefore recommended setting up of a social security database,” he said.

“The subcommittee on economic stability had recommended allowing those who can generate power by themselves to produce their own power. Therefore we have recommended removal of top 20 consumers of electricity from the Ceylon Electricity Board (CEB) supply network. Also we have recommended setting up a common platform for transportation. The bus services operating along expressways should be linked with others such as Urber so that a person can book a bus plying along the expressway and an Urber or PickMe taxy together through his mobile. Then he can book a taxi and get into it after exiting the expressway,” the MP said. (Yohan Perera and Ajith Siriwardana)


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  Comments - 7

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  • BuffaloaCitizen Wednesday, 16 November 2022 01:34 PM

    Those 20% rich Samurdhi recipients have a criteria (a) they are Sinhalese (b) they have close Political Connection with mainly UNP

    tilak Wednesday, 16 November 2022 02:13 PM

    Why do oyu need a National Council Sub Committee on Economic Stability to find out SL went to IMF too late? Even the beggar on the street knows that

    Bandu Wednesday, 16 November 2022 02:27 PM

    I do not believe it that 12% of Samurdhi beneficiaries are the ones who are among the richest 20% among the population. This means there is serious corruption and conspiracy from GS level to District Secretary. Even now can they recover this loot.

    Lost Lankan Thursday, 17 November 2022 08:19 AM

    It is not too late to kick you out and choose the right candidate in the next election hahhh

    Sensible Being Thursday, 17 November 2022 09:09 AM

    Government must take action against those 12% and officials who verified and approved them. Will the Government do?

    Mahila Thursday, 17 November 2022 11:47 PM

    NO!!? THAT'S UNPATRIOTIC ACT!!! Never ask true Sri Lankan to commit that Grave Sin!! Then they will have no salvation in even their next birth!!?? 2600 years of culture allows 'ad Nauseum' LOOTING and ROBBING public money, which is criminal, according to the demented WESTERN culture!!??? Once given, right or wrong, OUR CULTURE DECRIES REGAINING LOOTED WEALTH EVEN IF GIVEN to UGAND!!!!??? We are an advanced CULTURE AND CIVILISATION than the reactionary WEST!!??

    Sam Sen Friday, 18 November 2022 02:05 PM

    All should remember that Rajapakses are still ruling the country!!! Justice will never be done to the people. Rajapakses will win the next election too. Wait and see.


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