Govt. to work with IMF: Prez

16 March 2022 08:48 pm - 10 - {{hitsCtrl.values.hits}}

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President Gotabaya Rajapaksa said he has decided to work with the International Monetary Fund (IMF) after examining the advantages and disadvantages.

Addressing the nation, he said the government has initiated discussions with international financial institutions as well as with friendly countries regarding repayment of loan installments.

"Yesterday's discussion with the International Monetary Fund was also held for this purpose. Through those discussions, we hope to find a way to pay off our annual loan installments, sovereign bonds, and so on. Subsequent to my discussions with the International Monetary Fund, I have decided to work with the International Monetary Fund (IMF) after examining the advantages and disadvantages," he said.

FULL SPEECH

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Comments - 10

Daniel Wednesday, 16 March 2022 08:56 PM

Where are all the desapremis?????

Sam Silva Wednesday, 16 March 2022 08:58 PM

Then why fm had to go to India.

kumar Wednesday, 16 March 2022 08:59 PM

Good!

Sam Silva Wednesday, 16 March 2022 08:59 PM

You should have done this long time ago before the economy crashed

Jude Wednesday, 16 March 2022 09:03 PM

What about "Neon Lights" Cabraal say!???

Jude Wednesday, 16 March 2022 09:07 PM

Now people have to tighten Their belts!! Yeah!! IMF just don't dole out money, Gov't have to follow IMF guidelines!!

Chogm crook Wednesday, 16 March 2022 09:11 PM

In other words,he's asking Cabraal to go fly a kite...

Tim Wednesday, 16 March 2022 09:15 PM

Even the common man was telling this for the last one whole year..

Lalith Wednesday, 16 March 2022 09:20 PM

Good. At long last. We may have been able hold the dollar at around 220/230 if this was done on a more timely basis. Better late than never though.

Waco Thursday, 17 March 2022 05:59 PM

Not a word about the Tea, Rubber and Coconut industries. Sri Lanka is an Agricultural country. Do not try to make it a country like Singapore.

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Govt. to work with IMF: Prez

Comments - 10

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