The President’s speech shows that he has not been properly instructed about the IMF – Harsha

Date:

The statement made by President Gotabhaya Rajapaksa to the nation shows that he has not been properly informed about the International Monetary Fund, says Samagi Jana Balawegaya MP Harsha de Silva.

“In fact, we all knew what the President was saying. He didn’t say anything new. He then said that he would reach to the International Monetary Fund and resolve this issue. The President is not right there. The person who said that did not inform the President properly. Because the International Monetary Fund has recognized that our country is no longer a country that can pay its debts. Then the International Monetary Fund cannot legally lend to a country that cannot pay its debts. Now the President did not say that. The government is bankrupt. The first thing to do is to restructure the debt now. So we need to meet the groups that lend us money. We have to meet with them and come to an agreement that we hope to restructure the debt in this manner. They will not agree to it unless the International Monetary Fund gives any guarantee. If the President thinks that only the IMF can solve this problem, he has not received proper information. ”

Dr. Harsha de Silva stated this addressing a media briefing held yesterday (17).

Share post:

spot_imgspot_img

Popular

More like this
Related

Stalled Rail Projects Expose Deep Cracks in Public Sector Delivery

Sri Lanka’s infrastructure development drive has suffered another blow,...

Bloated Public Sector Drains Sri Lanka amid Skills Crisis

Sri Lanka’s public sector long criticized for inefficiency, political...

BOC Doubles Profit as Digital Push and SME Lending Drive 2025 Surge

The Bank of Ceylon has delivered a landmark financial...

New Office Tower Marks Turning Point for Port City

Sri Lanka’s flagship Port City Colombo development has gained...