Although the opposition leader Sajith Premadasa said that he would renegotiate the International Monetary Fund agreement if he comes to power, Central Bank Governor Dr. Nandalal Weerasinghe says that whatever government is formed in the future, Sri Lanka will have to follow the current operational system.
Addressing a press conference held yesterday, he said that any government can renegotiate Sri Lanka’s current program with the International Monetary Fund (IMF) but will have to follow the currently chosen path to get international support, and if that path is broken, there will be no international support.
“The IMF program started on September 1 last year. After disbursing the first tranche, we reconsidered what our commitments were before disbursing the next tranche. He said.
He emphasized that foreign governments and other commercial entities will only extend loan concessions with the understanding that the program will continue.