INSUBCONTINENT EXCLUSIVE:
exposed that the Government is preparing for the intro of a new Bill referring to the reform of the Central Bank of Sri Lanka (CBSL)
Speaking at a press conference in Colombo, Gunasekera described that such reforms are necessary in order to receive board approval from the
International Monetary Fund (IMF)for the USD 2.9 billion bailout Sri Lanka currently awaits.He raised issues over the intro of such a Bill,
specifying that although this amendment was approved by the Cabinet last Monday, it is abig attack on the nations sovereignty
Gunasekera further exposed that the current electrical power tariff walkings and the increase in costs of petrol are all part of the
guarantees made to the IMF, in return for the Extended Fund Facility(EFF )
The former MP even more stressed on the reality that no person has actually yet proposed an alternative option to solve Sri Lankas economic
crisis, apart from the IMF bailout plan.
