‘Hold talks with IMF to solve economic crisis’

2020-10-29 at 13:54

Samagi Jana Balawegaya Parliamentarian Dr. Harsha de Silva says the government must hold discussions with the International Monetary Fund in order to find solutions to the economic crisis faced by the country.

Speaking during a media briefing in Colombo the MP said international community has lost faith in Sri Lanka.

MP de Silva stressed he had continued to warn that the government is currently facing a major economic and financial crisis.

He noted that although the government denies such a crisis, the reality speaks otherwise, adding the faith the international community had in Sri Lanka to pay off its loans has entirely diminished.

The Parliamentarian stressed the government must move beyond political drama and take action to save the country from a crisis, adding steps must be taken to initiate discussions with the International Monetary Fund.

Nevertheless, MP Harsha de Silva remarked that Sri Lanka must also take steps to rebuild good faith with the international community.

MP de Silva noted Sri Lanka is facing an economic crisis both internationally and internally.

He noted the issue is that the country is unable to pay off foreign loans, adding two appropriation bills have been presented and two budgets are expected to be taken up for debate in Parliament.

He noted therefore the government aims to present the 2020 and 2021 budget, further remarking that it is clear as to what challenges are being faced internally.

The MP noted expenditure for the next year has been set at nearly 5 trillion rupees.