Govt will not rule out deal with IMF completely- Media Minister

22 January 2022 05:01 am - 11 - {{hitsCtrl.values.hits}}

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The Government will not reject outright financial assistance from the global financial agency, the International Monetary Fund (IMF) forever, but for the moment Sri Lanka expects to restructure her debt servicing under a different methodology, Mass Media Minister Dulles Alahapperuma said.

He said the government maintains a close rapport with the IMF.

“Sri Lanka has received IMF assistance 16 times since 1950. In recent times, we have obtained loans of US$ 1.1 billion in 2016 and US$ 2.5 billion in 2008 during the Mahinda Rajapaksa presidency,” he said.

Minister Alahapperuma told journalists, the government had not at any time ruled out the possibility of reaching the IMF for assistance in future and therefore it is inappropriate to make a bogeyman out of the IMF.

Besides, Sri Lanka is a member country that receives financial help from the IMF. Therefore, we must not damage the trust placed on us by the international financial agency,” he stressed.

Responding to a journalist, Minister Alahapperuma said the government has discussed the issue of IMF assistance with almost all the stakeholders to the issue and decided not to go for an IMF bailout for the moment. (Sandun A. Jayasekera)

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Comments - 11

Ralaharamy Saturday, 22 January 2022 08:41 AM

Do the beggars have a choice? Control your mouth, and you will get help with dignity.

Dull Ass Saturday, 22 January 2022 08:56 AM

I shay, can't you take a decision !!!

Karalasingam Sivalingam Saturday, 22 January 2022 09:31 AM

Are we to wait till we are drowned?

Jude Saturday, 22 January 2022 09:33 AM

Dulles have absolutely NO idea what he's talking!!!

Jude Saturday, 22 January 2022 09:42 AM

Why SL should seek help of IMF, 'coz IMF funding allow 5-7 years of grace period where no repayment of loan required,!! That'll help SL to build Forex Reserves !! Yeah!! What the Gov't doing is short term alternate remedies that not gonna work !!

Sri Saturday, 22 January 2022 03:30 PM

Why then all this mess up ? Why did not you go for it long time ago ? What is wrong with your people ? Why give all this trouble to people .

Vadivelu Yogaratnam Saturday, 22 January 2022 03:32 PM

Even IMF helped us that money too will Be robed by political thief.

Dee Saturday, 22 January 2022 11:56 PM

Are you trying to loose your ministry post?

Dasa Dahanayaka Sunday, 23 January 2022 12:12 AM

Another American interloper talking bs !

sam Sunday, 23 January 2022 11:07 AM

He has no idea and unless the dollar floats there is no way out though prices will escalate.

Jinapala Fernando Monday, 24 January 2022 04:02 PM

Dullas, you tell one and Kabraal tell opposite! Who is correct? Only God knows if not Dogs!

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Govt will not rule out deal with IMF completely- Media Minister

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