Ranil Wickremesinghe Basil Rajapaksa Sri Lanka president Government reports Ranil Wickremesinghe Basil Rajapaksa Sri Lanka

(VIDEO) Ranil & Basil clash over IMF report; Minister admits receiving draft report

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COLOMBO (News 1st); Sri Lanka’s Finance Minister Basil Rajapaksa and Former Prime Minister Ranil Wickremesinghe exchanged words at the All-Party Conference chaired by the President on Wednesday (23).The argument broke out when the Former Prime Minister demanded the draft report of the International Monetary Fund to be furnished to Parliament.“I cannot give you the draft,” said the Finance Minister.Wickremesinghe said repeated requests for the IMF report on Sri Lanka were turned down by the Government, adding that this was the reason for many political parties to boycott the All-Party Conference.Finance Minister Basil Rajapaksa said that Sri Lanka has not received the full report from the IMF, to which the Former Prime Minister responded that he was informed that the report in its entirety was submitted to the government of Sri Lanka.Rajapaksa said that what Sri Lanka received was a draft, and the government would add its comments to it and the final report will only be released following IMF board approval. .

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Basil Rajapaksa - No conditions for Indian loan, SL has to pay back in three years: Basil - newsfirst.lk - Usa - India - Sri Lanka
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No conditions for Indian loan, SL has to pay back in three years: Basil
COLOMBO (News 1st); No conditions have been underlined for the USD 1 billion loan given by India, however, the amount will have to be paid back in installments after three years, said Finance Minister Basil Rajapaksa.The President is acting on a very prudent and a long-term plan, says Finance Minister Basil Rajapaksa on repaying the country’s loans after his entourage returned from India this afternoon. The Finance Minister returned to the country after signing agreements for a US $ 1 billion financial assistance from India. In addition to this $ 1 billion, India has already provided a $ 400 million loan, a $ 500 million loan to purchase petroleum and another $ 500 million via the Asian Clearing Union.Accordingly, the value of loans and relief facilities provided by India to overcome the current economic crisis is about US $ 2.4 billion in total. The Minister of Finance, speaking to media stated that Sri Lanka’s neighbor India has proven that it stands by Sri Lanka with this action, especially with Prime Minister Modi mentioning that all the support that Sri Lanka needs is being provided directly, both economically and socially.The Finance Minister said that Prime Minister Modi has learned of the organic farming and the interest shown by the President with regard to it, and although a shortage of nano fertilizer exists in India, they agreed to provide Sri Lanka with the required quantity.Rajapaksa also stated that India gave Sri Lanka a loan of US $ 1 billion to purchase food and other necessities for the people, especially for the upcoming Sinhala Tanil New Year, and the relevant loan has been in operation since yesterday (17).I urge all business communities to make it very transparent, giving priority to things which
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