Seek the assistance of the IMF to fend off the economy crisis

Former Prime Minister and Leader of the United National Party Ranil Wickremesinghe says that if Sri Lanka reaches an agreement with the International Monetary Fund in the face of the current foreign exchange crisis, it will be possible to obtain loans from other international financial institutions as well.

He points out that dealing with the International Monetary Fund can be seen as a guarantee for borrowing from other financial institutions.


He noted that Sri Lanka had no choice but to go to the International Monetary Fund (IMF) as it had to repay about $ 6 billion in debt by the middle of next year. He said the IMF would not impose conditions such as layoffs in the current crisis in the world and Sri Lanka.

Wickremesinghe also said that if an agreement was reached with the IMF, the value of the US dollar would be kept at around 240 rupees, otherwise the value of the US dollar would rise to around 300 rupees.

Ranil Wickremesinghe has stated this while participating in an online discussion with the senior members of the party yesterday (25).

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