INSUBCONTINENT EXCLUSIVE:
Former Prime Minister Ranil Wickremesinghe says elections or constitutional amendments at this point will not solve the ongoing crisis in
Sri Lanka.In a statement made today (April 13), the United National Party (UNP) leader stated that Sri Lanka is unable to make a USD 200
million loan repayment next week as the government decide to suspend all external debt repayments
This will place further pressure on the banking sector, he added.This decision is an announcement by the government that the country is
bankrupt, Wickremesinghe said further, noting that the responsibility is now on the new Finance Minister to discuss the prevailing situation
with the International Monetary Fund during the discussions scheduled for next week in Washington DC.By mid-May, the Indian Line of Credit
will be over and by June, private businesses will be unable to operate due to a lack of foreign exchange, the former prime minister pointed
political parties without any conditions
Last week in Parliament as the Opposition we apologized to the public for the failing
Government and a plan is formulated conditions can be laid down
It is our responsibility to give everyone an equal hearing
In Lebanon the IMF agreement was reliant on it being tabled in Parliament for their approval
is ending the year as a bankrupt country
He, however, expressed confidence in overcoming the crisis
We will face a tough period, but we must face it
We can overcome this crisis and strengthen our economy
This can be done if everyone joins together
This article first appeared/also appeared in https://adaderana.lk
