Sun, 28 Apr 2024 Today's Paper

TU action held to sabotage IMF bailout: Bandula

14 March 2023 03:22 pm - 12     - {{hitsCtrl.values.hits}}

A A A

The main objective of the strike launched by a cross-section of trade unions is not to win demands but to sabotage the program to obtain an Extended Fund Facility (EFF) of US$ 2.9 billion from the IMF, cabinet Spokesman, Media, Transport and Highways Minister Dr. Bandula Gunawardana said today.

The trade union action by teachers demanding to increase the payments for marking the GCE A/L answer scripts to Rs 3,000 came under heavy criticism by Minister Dr. Gunawardana who said the demand was extremely unfair, indecent and treacherous.

Explaining the government’s strategy after the IMF released the first tranche of the EFF of US$ 2.9 billion, the government expects further financial assistance from the ADB, the World Bank, and JAICA fattening Sri Lanka’s foreign reserves to nearly US$ 10 billion. 

This will help to further appreciate the rupee, drop CoL ratio to a single digit and improve confidence on Sri Lanka among global financial agencies, creditors and investors which will user in a booming economy. 

The first and foremost beneficiaries of the resurgence of the economy will be public servants. Therefore, they must be patient for another few months to enjoy the dividends of the government’s economic policy, he added.

Minister Gunawardana said the IMF board is scheduled to meet and approve the EFF for Sri Lanka on March 20th. The ongoing trade union action is aimed at undermining IMF program.

He made an appeal to striking trade unions not to engage in treacherous and betrayal acts by demanding unfair demands at this difficult time and added the government would pass the benefits of expected economic boom in full to the public in the next few months.(Sandun A Jayasekera)


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 12

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka
  • Buddhist Tuesday, 14 March 2023 04:12 PM

    You got it wrong Bandu, sabotage is to kick people like you, Kappam Minister, and Paga asking Minister out of the Parliament.

    sam Tuesday, 14 March 2023 04:12 PM

    TU action has no relevance. Presence of looters is sabotaging

    joshua Tuesday, 14 March 2023 04:15 PM

    That is your version of the statement. You 225 do not take any action who put the country in to chaos and when the people requested you to reduce the taxes you did not heed to it. This is what happens then. Enjoy

    Ian Tuesday, 14 March 2023 05:12 PM

    Yes, one does not need to fight shy of this alligation. We know how politicians are waiting with their mouths open to swindle these funds. Already we hear that once the money is received, many opposition members of parliament will join as ministers because they can have a grab at these monies. Yes, if you are patriotic, you will prevent this happening...

    Preshi Rem Tuesday, 14 March 2023 05:28 PM

    Minister, why do you think that we beleive a word that you say? Why do you ask the public to bear the difficulties when the economic situation has not affected you

    People should have the right to strike Tuesday, 14 March 2023 05:49 PM

    So that means TU action is not possible in Lanka. Why? Cos every time there is TU action it will be called sabotage.

    bandara Tuesday, 14 March 2023 06:03 PM

    Of course it is obvious. How else does NPP get all that money to transport people who never vote for them anyway

    Bandu Tuesday, 14 March 2023 06:40 PM

    All these Crooks say different things at different times to safeguard their positions in Government.!

    Mohamed Ifaz Inamdeen Tuesday, 14 March 2023 06:49 PM

    The statement from this good-for-nothing Srilankan politician go in one ear and out the other.

    Sumal Tuesday, 14 March 2023 07:00 PM

    You can do anything but not with the expense of private sector employee who are contributing to the economy. The current APIT is a backstabbing to private employee who are contributing PAYEE and APIT for many years.

    Tissa Fernando Tuesday, 14 March 2023 07:02 PM

    Agreed. We saw how these TUs behaved during covid time as well. It was the same action strike and strike. Thanks for workers remittances, these free loaders are having something to eat for the time being.

    Man Wednesday, 15 March 2023 09:12 AM

    IMF loan for whose benefit? People will get a very nominal amount.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka