Going to the IMF could result in job cuts in the Public Sector: Akila Ellawala

Date:

Sri Lanka Podujana Peramuna (SLPP) Ratnapura District MP Akila Ellawala said he is deeply saddened as a Ruling Party MP by the recent fuel price hike.

The MP, nevertheless, commented that there is no other option but to increase the price of fuel.

Despite the Opposition’s criticism that the fuel price has been soared to an unbearable level, Sri Lanka still has the lowest fuel prices in South Asia, he added.

He added that many who suggest the submission to the International Monetary Fund (IMF) to recover from the economic crisis are not saying anything about the conditions that may befall the country upon such an action. The submission to the IMF will entitle Sri Lanka to certain conditions such as the dismissal of public servants and the government will not take any action to obtain loans by agreeing to such conditions weakening the public service, he noted.

The Ruling Party MP pointed out that the government refuses to seek the IMF’s support to protect the public servants.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Sri Lanka’s First Post-Crisis Dollar Bond Signals Renewed Investor Faith

Sri Lanka’s return to foreign-currency borrowing took a significant...

HSBC Exit Marks Shift toward Local Dominance in Banking

HSBC’s decision to exit Sri Lanka’s retail banking business—now...

Sri Lanka Set for Strong Market Upswing as Stability, Lift Investor Confidence

Sri Lanka’s capital market is entering its most promising...

New Tariff Policy Aims to End Decades of Protectionist Drift

Sri Lanka is preparing to introduce a landmark national...