IMF bailout won’t resolve socio-economic crisis


It is clear that the USD 2.9 billion which was promised to Sri Lanka by the International Monetary Fund (IMF) will not resolve the crisis in the country, Jathika Jana Balawegaya (JJB) MP, Dr. Harini Amarasuriya said. 

Speaking to the media recently, Dr. Amarasuriya added that the IMF usually does not apply political conditions when giving out loans, however, when the loan was promised to Sri Lanka, the IMF had emphasised that social security must be guaranteed.

She said, the IMF had demanded that the Government should respect the people’s mandate and serve citizens faithfully. While claiming that the Government will not be able to fulfil these demands, Dr. Amarasuriya stressed that it is becoming increasingly evident that the Government is attempting to put the burden on citizens through the Interim Budget. She also said the Government did not receive the amount they expected.

“Further, a stable Government is yet to be formed,” she said.

By Aloka Kasturiarachchi