Cabinet approves debt restructuring agreements

rohan Tuesday, 25 June 2024 11:02 AM

Just tell me which proposal is disapproved by cabinet nothing that means cabinet is only a rubber stamp who does not understand their duties.

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Nirmal Silva Tuesday, 25 June 2024 11:13 AM

Cabinet will approve any "Labu gediya" as labba fellows are in it.

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Most Ministers Blindly Voting Tuesday, 25 June 2024 11:15 AM

How many of the Minister’s are knowledgeable on the conditions of the IMF loans? Most must be blindly following the others voting for it and called it a hard days of work! The qualifications of these Ministers should be published and verified by the concerned institutions if they did actually achieve the passing grade.

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ACA Tuesday, 25 June 2024 11:23 AM

Did you and the cabinet saw any of these agreements to approve?

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Hadira Tuesday, 25 June 2024 12:30 PM

President should have briefed the Parliament and discussed pros and cons before the cabinet approval was given .That is the open democracy.

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Tissa Fernando Tuesday, 25 June 2024 03:01 PM

So, how many Loan defaulters are getting benefits from this?

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Another Privileged Person Who’s Not Affected By This Administration Tuesday, 25 June 2024 04:29 PM

So you are agreeing to these bailouts. That’s why they love people like you to vote them in again. How many IMF and other international loans have they taken over the years? It’s become a norm and you and a few others must be benefiting from them unlike the average citizen who’s struggling to have decent meals and lifestyles.

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Patcitz Tuesday, 25 June 2024 09:57 PM

No restructuring plan needed right now to be approved by the cabinet, but await new government to take over to determine the issue with IMF. Hopefully, patching up their loan amount to independently carry forward our mission to achieve self-sufficiency for better SriLanka for the future generation will be considered by the new government coming into power after october this year, sending Ranil home.

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THE CURSES OF THE PEOPLE WILL FALL ON ALL THOSE RESPONSIBLE FOR THE COUNTRY'S DOWNFALL IN SOME SHAPE OR FORM AND DOWN TO THEIR GENERATIONS TO COME Tuesday, 25 June 2024 10:59 PM

WHEN HUGE LOANS ARE BY BANKS USUALLY PROPERTY DEEDS AND OR SURETY BONDS ARE REQUIRED, SO IF ONE DEFAULTS THE BANKS GO AFTER THE PROPERTY AND OR WHOEVER SIGNED/GAVE THE SURETY. IN TRHIS CASE I BELIEVE THESE LOANS WILL BUILD FOR FOR GENERATIONS TO COME AND OR TILL THE COUNTRY GOES TOTALLY BANKRUPT (CORRECT ME IF I AM WRONG). WE WILL THEN SEE CHINA COME OVER AND CLAIM OUR COUNTRY AND WE ALL KNOW WHAT THIS RESULT WILL BE, SO LOOK TOWARDS INDIA AND KEEP OUR DISTANCE WITH CHINA, RUSSIA, IRAN AND NORTH KOREA.

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Kevin Wednesday, 26 June 2024 03:25 AM

The agreement is only with bilateral creditors. They are relatively small. Largest and highest interest creditors are commercial creditors for ISBs. No agreement with them so far. SL gains very little.

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eagle eyes Wednesday, 26 June 2024 04:23 AM

A cabinet of ministers sans mandate given by the people is like having a dictatorship or junta dictating the terms to people.

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