Samagi Jana Balawegaya MP Dr. Harsha de Silva has claimed that Government insiders are now considering engaging with the International Monetary Fund (IMF), despite repeatedly ruling out the possibility of an IMF programme earlier. De Silva has been continuously stating that Sri Lanka is facing a balance of payments crisis, underscoring that the repayment of Sri Lanka’s debts is a serious matter that needs to be resolved. He also claimed that despite the Central Bank of Sri Lanka (CBSL) stating that the value of the dollar is around Rs. However, de Silva said that it is not too late to save Sri Lanka from a balance of payments crisis, provided that immediate action is taken. To keep the adjustment costs within a manageable level, we must deal with issues prudently and professionally,” he concluded.

Source: The Nation July 14, 2021 19:52 UTC