The International Monetary Fund (IMF) has released a very essential and lengthy 94-page report on the current situation in Sri Lanka but the government has replied to it by a single page answer, Leader of the Opposition Sajith Premadasa revealed, speaking to the Suriyawewa Business meeting organised by Opposition Leader of the Suriyawewa Pradeshiya Sabha Subhaka Pradeep yesterday (27).
Addressing the event, the Opposition Leader pointed out that this proves the government’s knowledge and intelligence on country building and dealing with the international community, alleging that the government is in a poor position with regard to diplomatic relations.
Suggesting that it is important to prioritise science over myth in agriculture, Premadasa noted that the results of an 11-year survey carried out by the Paddy Research Institute showed that the sole use of organic fertiliser could severely decline yields.
The result of a country being downgraded through international ratings was the loss of access to even an international debt, the Opposition Leader went on, adding that Sri Lanka may now have to face the same fate.
He added that Sri Lanka has failed to build international credibility with regard to debt and that the current regime is implementing the policy of auctioning the country. All sectors that supply Dollars to the country are in a state of disarray leading to a serious dollar crisis, he emphasised.
MIAP
