Sri Lanka’s finance minister Ravi Karunanayke calimed that the World Bank and International Monetary Fund (IMF) had already agreed to extend unconditional support for Sri Lanka’s development initiatives, reports dailymirror.lk.
Speaking from the annual meeting of the IMF and World Bank in Lima, Mr Karunayake, told press,
“This is a golden opportunity for Sri Lanka. They have been closely watching the success achieved in the political front. Hence the World Bank and the International Monetary Fund stand ready to extend finance assistance to revive the country’s economy. We are ready with our set of proposals. I have no doubt that they will respond positively to them. I must reiterate that we are not subject to any conditions imposed by the World Bank and the IMF. In fact, they support us on our conditions and not on theirs.”
Mr Karunayake added,
“It is difficult to predict exactly how much we are getting. Because they have to study our programme first. In the past, we pledged support based on various conditions. But now they support us by looking at our programme.”
Speaking from the annual meeting of the IMF and World Bank in Lima, Mr Karunayake, told press,
“This is a golden opportunity for Sri Lanka. They have been closely watching the success achieved in the political front. Hence the World Bank and the International Monetary Fund stand ready to extend finance assistance to revive the country’s economy. We are ready with our set of proposals. I have no doubt that they will respond positively to them. I must reiterate that we are not subject to any conditions imposed by the World Bank and the IMF. In fact, they support us on our conditions and not on theirs.”
Mr Karunayake added,
“It is difficult to predict exactly how much we are getting. Because they have to study our programme first. In the past, we pledged support based on various conditions. But now they support us by looking at our programme.”