Sri Lanka’s cabinet of ministers has discussed seeking an International Monetary Fund (IMF) bailout at the latest cabinet meeting, a spokesman said, amid rising difficulties in importing cooking gas and some foods, even as the country’s refinery was shut to save forex.
“There was an in depth discussion on the pros and cons of going to the IMF, but no decision was taken,” co-cabinet spokesman and Energy Minister Udaya Gammanpila told the weekly cabinet news briefing on Tuesday (16).
Sri Lanka is facing forex shortages after record money printing in 2020 and 2021 deplete forex reserves, and undermined the credibility of a soft-peg with the US dollar.
Economynext
UPDATE
“අපි නං මැරුණත් IMF එකට යන්නෙ නැහැ. ඒකයි මට අන්තිමට කියන්න තියෙන්නේ. මේ ආණ්ඩුව, අපේ ආණ්ඩුව විනාශ වුණත් IMF එකට ගිහිල්ලා ජනතාව විනාශ වෙන්න ඉඩ දෙන්න අපි ලැහැස්ති නැහැ.“ - අමාත්ය වාසුදේව නානායක්කාර
Derana
“There was an in depth discussion on the pros and cons of going to the IMF, but no decision was taken,” co-cabinet spokesman and Energy Minister Udaya Gammanpila told the weekly cabinet news briefing on Tuesday (16).
Sri Lanka is facing forex shortages after record money printing in 2020 and 2021 deplete forex reserves, and undermined the credibility of a soft-peg with the US dollar.
Economynext
UPDATE
“අපි නං මැරුණත් IMF එකට යන්නෙ නැහැ. ඒකයි මට අන්තිමට කියන්න තියෙන්නේ. මේ ආණ්ඩුව, අපේ ආණ්ඩුව විනාශ වුණත් IMF එකට ගිහිල්ලා ජනතාව විනාශ වෙන්න ඉඩ දෙන්න අපි ලැහැස්ති නැහැ.“ - අමාත්ය වාසුදේව නානායක්කාර
Derana
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