Monday, October 3, 2022

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Ranil reiterates necessity to seek IMF’s support

Six countries which are facing a recession amidst the Covid-19 pandemic have approached the International Monetary Fund (IMF) for assistance, revealed Leader of the United National Party (UNP) MP Ranil Wickremesinghe.

The UNP Leader added that neither of the countries are entitled to harmful or unworkable conditions imposed by the IMF.

Pointing out that Sri Lanka has no other option but to seek the IMF’s support to resolve the dollar crisis, Wickremesinghe added that he does not believe that Sri Lanka will be entitled to any unavoidable or unfavourable conditions in being granted debt assistance.

The UNP Leader on many previous occasions had urged the government to approach the IMF in resolving the ongoing dollar deficit.

The dollar deficit from which Sri Lanka suffers has crippled the country, making it unable to purchase the required volumes of fuel and all attempts by the government to obtain a concession for fuel have failed to date.

MIAP

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