Three major failures of Sri Lanka’s economic policies since independence and medium, short and longer term possibilities in terms of the economy
Ahilan Kadirgamar
To listen to the video click on the link below,
Sri Lanka: No agreement with the IMF!
Eric Toussaint interviewed by Sushovan Dhar
However, IMF and World Bank loans have always been surrounded by serious controversy. Critics believe that the World Bank and IMF have systematically lent to states to influence their policies. External debt has been and continues to be used as an instrument to subordinate borrowers. Since their creation, the IMF and the World Bank have violated international human rights covenants and have not hesitated to support dictatorships.
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Sushovan Dhar: What do you think of the position taken by around a dozen Sri Lankan economists who claim to be independent ?
Eric Toussaint : This group of around a dozen economists who call themselves independent have published an op-ed in the Sri Lankan press explaining their vision of what should be done and all the points that are indicated correspond exactly to the type of policies demanded by the International Monetary Fund and the World Bank. One can take their proposals point by point, analyze the agreements made with the various countries, including Sri Lanka, with the IMF and observe that the measures proposed by these so-called independent economists are precisely in line with the nefarious policies that the International Monetary Fund wants.
What these economists propose is also perfectly in line with the interests of the big private creditors, moreover, they suggest calling upon private firms specialized in debt restructuring. These private firms work on behalf of large private creditors and are not at all in the interest of the people who live in the countries forced to pay illegitimate debts. Thus, these private firms offer no safeguards in defending the interests of the people of Sri Lanka.
Click on the link below to read the article,
Sri Lanka: No agreement with the IMF!
READ THE FULL ISSUE OF KATHIKA.LK: ශ්රී ලංකාව ජා.මූ.අ. ( IMF) ට යෑමෙන් පසු – වාද මාතෘකා Sri Lanka: Post- IMF Issues இலங்கை: IMFற்கு பின்னரான சிக்கல்கள்
