Harsha De-Silva Jana Balawegaya Ajith Nivard Cabraal Sri Lanka reports economy Government Harsha De-Silva Jana Balawegaya Ajith Nivard Cabraal Sri Lanka

SL not constrained by IMF agenda : Cabraal

Reading now: 280
www.newsfirst.lk

COLOMBO (News1st): Sri Lanka will not be constricted by the agenda of the International Monetary Fund (IMF), state minister Ajith Nivard Cabraal has said.“They (the former government) handed us an economy with depleted reserves, one which has more imports than exports,” the state minister of money and capital markets said.He noted that the import restrictions would be eased when the country’s reserves and revenue increases.But Dr Harsha De Silva, a Samagi Jana Balawegaya parliamentarian said, that the government is only left with the alternative of seeking the support of the IMF.He also pointed out that the government had resorted to printing money after a central bank treasury bill auction aimed at raising Rs 40 billion only generated Rs.

Read more on newsfirst.lk
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News