Indika Monday, 08 April 2024 12:21 PM

What a clown! Doesn't he know that debt restructuring talks are underway? Why does he think the debt repayments would commence before those talks a finalised. Just shows his shallow understanding of the subject matter.

Reply 0       0

A Monday, 08 April 2024 12:22 PM

Your are acting like typical Polical joker...targeting the gallery.

Reply 0       0

Pxx Monday, 08 April 2024 12:58 PM

Champika what's on your agenda? Are you aware that Sri Lanka is restructuring defaulted payments? It seems Champika isn't disclosing all the information truthfully. How can we suggest what Sri Lanka should do to increase foreign reserves from $250M to $5B in such a short time?

Reply 0       0

ANNECUNT Monday, 08 April 2024 01:03 PM

$ 2000 was paid for the sale of hazradous wate to Sri-lanka

Reply 0       0

Gunadasa Monday, 08 April 2024 01:54 PM

Patali trying to score cheap political points with meaningless statements! Everyone knows that all the debts still have to be fully paid back to the lenders. If not those WB, IMF and ADB loans country's financial status would have further gone down and no one would even sell fuel, food and medicine etc. to the bankrupt country.

Reply 0       0

Freddy Flintstone Monday, 08 April 2024 02:19 PM

And now please explain to me why the SL Rupee is becoming stronger against all currencies? What a joke. The FX prices are manipulated by the central Bank- by order of the government. Everybody is just lying.

Reply 0       0

Citizen Silva Monday, 08 April 2024 02:21 PM

Atleast he understands the reality of the situation.

Reply 0       0

Take New Loans to Pay Previous Loans with interest Monday, 08 April 2024 02:33 PM

Don’t worry, these past and current governments have a formula to repay them. Take newer loans, increase some taxes here and there and pay up the older loans plus interest. After all, around 17 IMF loans besides those from ADB, China and few others have been and still being taken. This cycle has been going on for many moons and you were part of the previous government who didn’t bother to cut expenses. So stop complaining and enjoy the ride. By the way, those who need to know how bad the Debt situation is, watch the Program on Spore’s news channel (CNA) on Debt Bomb - The Real Debt Trap. It’s on Google.

Reply 0       0

Anil Fernando Monday, 08 April 2024 02:36 PM

What an idiot. Does he expect us to reduce our Reserves to Zero. Without the Chinese swap we have only 3.5 billion.

Reply 0       0

Dinesh Monday, 08 April 2024 02:51 PM

Foolish comments. If you repay then the dollar rate would go up as we would be short of dollars. Then this same clown will complain that the COL is going up

Reply 0       0

Jayantha Monday, 08 April 2024 03:24 PM

Lol. He should be jailed for making false statements and misleading the public. A guy who did not have the backbone to solve the accident he had faced sometime back and made fake statements now talks about economy. Lol

Reply 0       0

Freddy Flintsone Monday, 08 April 2024 03:32 PM

to Saliya: Sorry, thats wrong. You and everybody seem not to know, that the SL rupee can not be bought and sold anywhere on the planet, there is no place at all execpt the CB of SRI Lanka. So there is no market. If the CB sells USD, it must buy SL rupee to have a move in the market. So they buy SL rupees from themselves and that brings up the rupee? What a joke to believe something like this. As there is no market, it can not go up or down, the FX rate is only made up by the CB by order of the government. With more then USD 90 Billion in debt and keep on getting more debts, the SL rupee has to loose - but it does not, it goes up. Do you understand? Everybody is fooled, especially foreigners bringing in FOREX.

Reply 0       0

Buddhist Monday, 08 April 2024 03:39 PM

Champika, don't you know that Ranil and Rajapaksas need this money to give Santhosams during the election campaign to win votes?

Reply 0       0

Sunil Monday, 08 April 2024 03:56 PM

Just because he has a Twitter account posting nonsense to keep himself relevant. Do you have a better solution other than criticizing

Reply 0       0

R antjony Monday, 08 April 2024 04:43 PM

Minister iis a vanker.

Reply 0       0

Shera Monday, 08 April 2024 04:49 PM

That was in 2022. Kind of late to the party, aren't we?

Reply 0       0

Unplug Nations Untrust Monday, 08 April 2024 05:40 PM

How much is the interest and other taxes? But it seems not like micro finance. Nations untrust bud still coming after people.

Reply 0       0

Voter Monday, 08 April 2024 06:55 PM

Relax Patali, this has nothing to do with you anymore. Let the people who govern today and in future manage it. You did nothing while SL was driven into this mess. So. Its time you retire.

Reply 0       0

What point is he trying to make, or what does he mean Monday, 08 April 2024 08:03 PM

Maybe Patali is trying to relay different point, but the way I read it, CBSL had 5 billion, and they had 6 billion due, so didn't have enough money. Anyway, it was current loon who runs the CBSL who did the deed. He lately asked for outragoues pay rise for him, and the hoi poli here actually support for head of CBSL to get 70% pay rise, while lower level staff get much smaller percentage. Sri Lanka can never be successful country while the local hoi poli does the idiotic to support the outrageous.

Reply 0       0

Mandayan Tuesday, 09 April 2024 06:44 AM

Who says the the truth? Govt announced that $2billion has been settled and he says this?

Reply 0       0

Don seithan Wednesday, 10 April 2024 04:23 PM

According to the statement of Central bank,it is said that they have a foreign reserve of 5.0 $$ billion.But as far as my knowledge is concerned, when S.L government asked for. a haircut from China,which means a curtailment of the total debts they refused . it Instead , they promised to give another loan to pay the instalment. After all from the total foreign debt osf $ 84 .0 billions to foreign debtors, we owe 52% to china So anyone doesn't know who tells the truth and tells lies.

Reply 0       0