Voting NPP will end IMF agreement – Harsha

SJB MP Dr. Harsha De Silva yesterday questioned as to how the agreement between IMF and Sri Lanka can continue if the NPP is to renegotiate with the IMF based on their own Debt Sustainability Analysis. He was of the view that the DSA is the base for all fiscal targets and entire debt restructuring process. “If you vote for the JVP, that means the end of the IMF agreement,” he said.

Dr. Silva was of the view that the renegotiation with the IMF based on revised DSA will result in conclusion of IMF programme in Sri Lanka.

“The entire IMF is based on the DSA. The international lenders are conducting negotiation on the debt restructuring process with relevant stakeholders based on the DSA”, he added.

Dr.Silva suspected that the NPP might have included these clauses in their manifesto with an objective of taking the people for ride. “Sometimes they may be ignorant of the entire IMF process,”he said.

Dr.Silva said that Central Bank can no longer be intervened by third parties under the new laws. “The government does not take any decision with regard to the interest rates. These decisions are taken by the Central Bank after taking the situation of the financial market into account,” he said.

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