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Minister of Finance Ravi Karunanayake says the government will not work according to the whims and fancies of the International Monetary Fund.

Addressing a gathering at the Inland Revenue department this afternoon Minister Karunanayake said the government will charge taxes according to the newly formulated Inland Revenue act and not according to the terms put forward by the IMF.

The Finance Minister said the act was prepared to meet the country’s needs.

Minister Karunanayake said the government will not allow the IMF to interfere with affairs within the country by means of discussions adding the IMF has no right to dictate the taxes that should be obtained from varipua sectors.

The Minister added such decisions must be taken by the government as it is a concern within the country.

Minister Karunanayake said he would like to take responsibility in saying the IMF is an organization put in place to assist countries and not hold them hostage.