Wed, 15 May 2024 Today's Paper

US Senate says IMF agreement with SL must depend on key reforms

By

3 July 2022 09:17 am - 15     - {{hitsCtrl.values.hits}}

A A A

The United States Senate Foreign Relations Committee said yesterday that any IMF agreement with Sri Lanka must be contingent on independence of the Central Bank of Sri Lanka, strong anti-corruption measures, and promotion of the rule of law.

"Without these critical reforms, Sri Lanka could suffer further economic mismanagement and uncontrollable debt," he tweeted.

Earlier, the IMF team which concluded its visit to Sri Lanka said they had had constructive and productive discussions with the Sri Lankan authorities on economic policies and reforms to be supported by an IMF Extended Fund Facility (EFF) arrangement and also said Executive Board approval would require adequate financing assurances from Sri Lanka’s creditors that debt sustainability will be restored and far-reaching tax reforms are urgently needed.

 

 


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 - 15

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
  • Jude Sunday, 03 July 2022 09:38 AM

    Helloooooo!! IMF not gonna support SL as long as Gota in the helm, period!!

    999 Sunday, 03 July 2022 09:43 AM

    Now face the reality. Since independence the arrogance shown towards fellow citizens, impunity, genocide , 1958, 1983, 2009 is being gently pointed out. A cornered rabbit in darkness facing a bright light torched at it. At least now wake up and say sorry.

    Sokrates Sunday, 03 July 2022 09:46 AM

    Over and over again everyone says they want to help, but as a first condition Gota has to step down. When will this criminal megalomaniac Crook realize that his clinging to power is the greatest obstacle to Sri Lanka's economic recovery.

    Jude Sunday, 03 July 2022 09:46 AM

    For now Only China and India gonna help SL because they've Vested Interests!! Yeah!! Once the Rajapaksa regime comes to an End, then IMF and WB Will help SL!!

    Cherath Sunday, 03 July 2022 10:11 AM

    US Senate has summed up the obvious and what any decent citizen would have wished for. What stands out as first and foremost reason for the current debacle is habitual and continuous siphoning off of funds by way of bribes, commissions and massaging of treasury figures.

    Sunil Sunday, 03 July 2022 10:26 AM

    Key reforms should start with getting rid of all the members of the notorious kleptoclan and putting them behind bars. They are still at their dirty games.

    Joshua Sunday, 03 July 2022 10:35 AM

    Imf should help only after these rogue rajapakshes and their stooges in that house are chased away. USA should arrest their Rajapaksge cirltizens for money laundering.

    Lanka Shantha Sunday, 03 July 2022 01:10 PM

    Pls Mr.President leave the country people To survive. Following Qatar and Japan now USA too had indirectly say it once again. We are hungry and angry.

    Sri Lankan Citizen Sunday, 03 July 2022 01:55 PM

    US Senate is quite right.They must insist on this and pursue this without relenting because there are rogues at every turn here.

    Seqi Sunday, 03 July 2022 02:18 PM

    Do you mean like the US central bank is independent of US government.

    mnsmart Sunday, 03 July 2022 05:11 PM

    Good move, though it's immense suffering for the locals, still it's better to put the house in order. at least the future generations will reap the benefit

    sss Sunday, 03 July 2022 05:48 PM

    Please tell government to release poisoner of conscience MP Ramanayake who exposed corruption in judiciary. For decades not a single major corruption case has resulted in conviction

    Quolp Sunday, 03 July 2022 06:50 PM

    Yeah, you are quite right, as long as Ranil Wickremasinghe holds Finance Ministry there will be signs of possible CORRUPTION seems a reality, Ranil Wickremasinghe still has contacts with BOND SCAMMER ARJUN MAHENDRAN, which is a good evidence even IMF can prove.

    Lanka Sunday, 03 July 2022 06:52 PM

    People's fundamental rights and basic needs are not met and corruption is right in front of your eyes. IMF knows!

    GHT Sunday, 03 July 2022 07:00 PM

    IMF, a sole PUPPET OF THE US, is an organization that TRAPS many a countries using their FUND as a TOOL, therefore, Sri Lanka'd better approach CHINA for further more funds than this DAMN-SHIT IMF who supports LTTE TERRORIST GROUP


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