Tuesday, January 31, 2023
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New Cabinet line-up a game of political musical chairs, Opposition Leader tells CNBC

The new Cabinet line-up having the President and Prime Minister Rajapaksas intact is a game of political chairs that deceives the people, said Leader of the Opposition Sajith Premadasa, speaking exclusively to CNBC.

The no-confidence motion is being carried out against the government and the requisite numbers are expected to be achieved, Premadasa revealed clarifying the Opposition’s response to the mis-governance in the country.

Responding to the query on whether the political instability and the political crisis within the country could put the International Monetary Fund (IMF) negotiations for a bailout package at risk, the Opposition Leader clarified that irrespective of political ideology, what is of greatest importance is the country’s national interest, which gains supremacy over everything else and stands for the country’s ability to obtain financial arrangement with institutions in terms of debt standstill, debt moratorium and a scheme to achieve greater rankings in terms of international grading institutions. The ability to enter the international capital market to obtain refinancing loans, which would solve some of the problems, and bridge financing with multilateral partners are required at this point, hence the national interest, he emphasised.

MIAP

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