Former International Monetary Fund (IMF) Resident Country Representative for Sri Lanka, Dr.

Nadeem Ul Haque says that the Sri Lankan federal government needs to take steps to guarantee performance when it plots the way forward for the country and cut down on the number of aids offered to the general public as well.He made these remarks while speaking during a panel conversation At HydePark on Ada Derena 24.

Joining the panel discussion, Economist Dr.

Tissa Jayaweera included that although economic experts like to call for financial obligation forgiveness it is not something that will be done by countries offering cash created by their people to nations that have misappropriated such funds.In reaction to a question raised, throughout the discussion whether Sri Lanka is on track to get the IMF help, the previous IMF resident coordinator to the island emphasized that the dependency of obtaining debts need to stop and that Sri Lanka requires major policy planning.

IMF program will not raise you from your problems , he said.Speaking further, Dr.

Nadeem Ul Haque questioned regarding why would the world forgive a nation for losing cash, highlighting that this requires a large global consensus.

If debt forgiveness is provided, question is how you will avoid it.

We have a financial obligation problem due to the fact that we wasted the money, he added.

World doesnt provide subsidies to the degree Sri Lanka does, Dr.

Ul Haque claimed.