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SL bound to go for dialogue with IMF this December: Ranil

23 November 2021 03:59 pm - 8     - {{hitsCtrl.values.hits}}

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Sri Lanka is bound by section 4 of the UN Monetary and Financial Conference to go for a dialogue with the International Monetary Fund (IMF) in December this year, UNP MP Ranil Wickremesinghe told Parliament today.

Mr. Wickremesinghe who was speaking during the committee stage debate on the budget said the IMF was established under the UN Monetary and Financial Conference to promote international monetary cooperation.

“Sri Lanka is bound to go for a dialogue with the UN under section four of the UN Monetary and Financial Conference in December this year. Therefore I request that the details of this dialogue be presented to Parliament. This dialogue will contain the ideologies of the Sri Lankan government, ideologies of the IMF and the agreements reached by both parties. Parliament has the right to know details of this agreement,” he said.

Also he said spending for the presidential task forces from the president’s expenditure heads is unlawful. “Parliament has power over the finances and control of the cabinet as per the constitution. The Cabinet is responsible to Parliament. The task forces were appointed without the cabinet approval followed by Parliament. The task forces are not responsible to Parliament. Therefore spending for the task forces is illegal,” he asserted.(Yohan Perera and Ajith Siriwardana)


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  Comments - 8

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  • Nihal Amarasekera Tuesday, 23 November 2021 05:16 PM

    Didn’t he ruled the country before. He is part of the reason for the present situation of the country, fiscal wise and otherwise.

    Lalith Tuesday, 23 November 2021 06:29 PM

    Who is responsible for the unsustainably high borrowings for non-productive capital expenditue at exhorbitant costs?

    Colin Tuesday, 23 November 2021 06:06 PM

    No doubt the IMF is also another money lending Shylock that want their pound of flesh but it seems we have no alternative as our Forex situation is critical and there is no solution. Due to our rock bottom rating no country is willing to come to our rescue and our FM is going to India to plead for a rescue package. Even if India obliged she too will want a piece of the cake as her rival China has already got. It's a catch 99 situation but the IMF is not interested in getting a chunk of SL but aims as only a monetary gain. At least the IMF as a condition may ask us to open up the economy to allow imports but this could result in denting the many shortages we are presently suffering. It's a bitter pill but we have to swallow it or else we may be completely submerged

    mike fernando Tuesday, 23 November 2021 06:23 PM

    You Ranil oughta rot alive and in hell for dragging UNP down the gutter with you.

    joshua Tuesday, 23 November 2021 06:33 PM

    yes, Cabraal will have to take the bowl and go

    Gayan Tuesday, 23 November 2021 07:00 PM

    This guy can't get any sleep without IMF or World Bank.

    Mahesh Wednesday, 24 November 2021 09:04 AM

    He talks as if he is the local agent of IMF. Lol

    Punchi Banda Thursday, 25 November 2021 07:01 AM

    We our a unique Buddhist paradise and it is the obligation of all external organisations and countries to give us money to keep this Buddha blessed country operating. Nothing to be ashamed about holding out our hands for alms is in our religion


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