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Sri Lankan political leaders urged to work together regarding IMF agreement

COLOMBO, Jan. 26 (Xinhua) — Sri Lankan President Ranil Wickremesinghe on Friday urged all political party leaders in parliament to engage in discussions regarding the country’s stance on an agreement with the International Monetary Fund (IMF) and whether any amendments are needed.

The president said he has extended an invitation to the leaders to engage in discussions with managing director of the IMF on the implementation of the agreement, the President’s Media Division said in a press release.

The president said political parties must collaboratively explore different perspectives and propose modifications if deemed beneficial.

He added that while the amending process for the agreement is open for consideration, it is imperative to acknowledge the existing agreement and work towards its implementation.

The president emphasized the importance of unity in leading the country to success, and highlighted that withdrawing from the IMF agreement would jeopardize the trust in Sri Lanka’s economy.

He stressed that the nation’s economy suffered due to the politics of promises, emphasizing the need for all political parties to formulate comprehensive plans for the country’s development when gearing up for an election.

In March 2023, the IMF approved a 48-month extended arrangement of about 3 billion U.S. dollars to support Sri Lanka’s economic policies and reforms.

Source: Asia&Pacific