Our gratitude to the President for his excellent leadership in bringing the agreement with the IMF- Minister Jeevan Thondaman

Date:

Jeevan Thondaman, general secretary of the Ceylon Workers’ Congress and minister, expressed his gratitude to the President for his excellent leadership in bringing the agreement with the IMF to a successful conclusion despite the concerns and criticism of the political opposition.

He made this statement in response to the International Monetary Fund Executive Committee’s acceptance of the provision of loan facilities to Sri Lanka.

He added the following in this regard:

“Within days after entering bankruptcy, our nation had no choice but to turn to the International Monetary Fund for assistance. Economic reforms were also made for this reason.

16 times, Sri Lanka has requested assistance from the International Monetary Fund. The promises, however, were not kept. This made it extremely difficult to this time receive loan approval. International financial organizations also placed Sri Lanka lower on the data list than other countries.

In light of this, the President has successfully negotiated diplomatically with India, China, Japan, the Paris Club, and other nations to secure approval for a loan from the International Monetary Fund.Now Sri Lanka can sustain itself and move forward, Institutions of finance will also loosen their limits on Sri Lanka..

In that regard, I would like to express my gratitude to the President, the IMF chiefs, and the nations, including India, for their cooperation.

G.Krishanthan – 0779166581, 0779775719

Media Secretary

Ministry of Water Supply and Estate Infrastructure Development

Share post:

spot_imgspot_img

Popular

More like this
Related

Govt. Prepares National Tariff Policy to Boost Trade and Attract Investment

By: Staff Writer July 18, Colombo (LNW):The Sri Lankan government is...

Lanka Ashok Leyland Plans Electric Bus Rollout amid Push for Greener Public Transport

By: Staff Writer July 18, Colombo (LNW): Lanka Ashok Leyland PLC,...

Digital Transformation Hits a Wall: Company Registrar System Collapse Sparks Concerns Over Government’s Vision

To curb corruption and deliver more efficient, transparent public...

Sri Lanka Steps Up Anti-Money Laundering Fight with Oman Pact and Global Collaborations

In a significant move to strengthen its capabilities in...