Representatives of the International Monetary Fund (IMF) will visit Sri Lanka next week for a joint ‘Forensic Audit’ on development projects that amount to US $250 billion launched by the former Rajpaksa regime.
Government Minister Sarath Amunagama told media that the consensual government was in a dilemma as to how capital investment could be raised for the projects, as the previous regime had commenced the project without full financial backing.
“The entire programme amounting to billions of rupees just before the presidential election was a gimmick to hoodwink voters. The consensual government is trying hard to find investors for those massive development projects and it will take a minimum five years to complete job,” said Mr Amunagama.
Sri Lanka looks to IMF for $1 billion loan as foreign reserves dwindle (21 Jan 2016)
IMF warns of Sri Lanka's deficit fallout (18 Dec 2015)
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