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Sri Lanka out of bankruptcy soon: Ranil
Whilst revealing that the government has managed to strike a deal with the international sovereign bond (ISB) holders on debt restructuring, independent candidate Ranil Wickremesinghe yesterday said his administration has managed to complete the task of making Sri Lanka's debt sustainable.
He said an agreement with ISB holders will be signed today.
Making this announcement during final election rallies , Mr. Wickremesinghe said the task now is to maintain economic stability. " I am facing this election after completing my task. We now have to build a new economy," he said.
He said no one can change the debt restructuring agreements. " IMF will stop the flow of funds to Sri Lanka if debt restructuring agreements are changed, " Mr. Wickremesinghe said.
"NPP candidate Anura Kumara Dissanayake has said an administration led by him will continue same economic policies which we have adopted. Why should anyone vote for them if they are going to follow us. We our selves can continue it. SJB candidate Sajith Premadasa has avoided going to a public debate held by a TV channel. Can such a person run a country? " he questioned.
He also pledged to introduce smart agriculture, develop tourism industry and to bring down the cost of living.
Comments - 43
Comments - Sri Lanka out of bankruptcy soon: Ranil
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Nothingtoprove Thursday, 19 September 2024 10:40 AM
Desperation has no end!!! Pls retire in peace and stay at home and read some books. Maybe take up a role in UN and stay there!!! Sincerely RW you have nothing to prove, no one to earn then why?? Why are u struggling to stay in power to help the nitbits around you ??? You have been weight, measured and not found wanting, so for god sake pls retire.
22 70
SP Thursday, 19 September 2024 03:28 PM
It’s Anura and Sajith who are after power. Ranil genuinely believes he can still make a valuable contribution to the nation (and we all agree with him - given the ‘calibre’ of his opponents!). Whatever it is he won’t listen to you.
23 8
karolis Thursday, 19 September 2024 07:38 PM
The question at hand to answer on the ballot paper is incredibly simple. Should the next leaders of the nation be cold blooded murderers or not?
0 3
Namal Thursday, 19 September 2024 09:56 PM
True and fully agree. After the new government takes over.
0 1
J M Keynes Thursday, 19 September 2024 10:48 AM
Thank you, Sir. You achieved the impossible. When AKD and his gang, Sajith and SF were hiding behind toilets, it was YOU who assumed the responsibility of emancipating us from the economic turmoil in 2022. Greece took 11 years to recover. Look at Bangladesh's plight. Economies of Pakistan and the Maldives are in shambles. But you revived the economy in two years. Now, people do not die in queues. We have electricity 24/7. Ships unload cargo without issue. Toursists arrive en masse. In short, the economy, has revived. But as you say, we are NOT out of the wood yet. There is a long way to go. It is you, Sir, who could take us to prosperity. If people of this country do not elect you, then Sri Lanka will go down in history as the most ungrateful nation in the universe. They wll pay drearly in another 8-12 months. I do not know the outcome of the presidential election on 21. But whatever the result, A BIG THANK YOU from me to you Sir! You will be venerated in years to come.
84 43
Amaran Thursday, 19 September 2024 11:14 AM
All CREDIT should go to Dr Nandalal, the Central Bank Govenor.
13 7
Amila Perera Thursday, 19 September 2024 11:34 AM
I think you need to study more on current economic crisis in Sri Lanka. It’s a chronic economic failure since the those corrupted politicians including six times prime minister Ranil Wickramasinghe governed this country for last decades. Ha ha. Wake up man.
11 16
Man Thursday, 19 September 2024 11:59 AM
Not Ranil but ordinary people by paying more taxes and as a result of soaring prices, dispelled Qs. Not a talent of Ranil. And, to sell everything possible at bargain prices even if profit making institutes and taxing ordinary people but friends. More taxes are to be enforced and intend to sell profit making institutes at bargain prices for commissions in return.
8 12
Ananda Thursday, 19 September 2024 01:05 PM
You are obviously a member of the presidents media unit.
4 34
Ama Thursday, 19 September 2024 01:40 PM
What about CENTRAL BANK BOND SCAM.??
5 27
ANTON Thursday, 19 September 2024 10:48 AM
FOR THE GODSAKE, NOT OUR BANK DEPOSITS SIR.
8 58
Man Thursday, 19 September 2024 12:02 PM
NPP / JVP to grab our deposits of all sorts of Banks as Handun told so as he will be the Finance minister. Already Ranil grabbed our EPF and ETF as most people don't know.
11 6
G.A. Gunaratne - Industrialist Thursday, 19 September 2024 11:12 AM
Somany busloads of paid people were brought from all four corners. Believe me, they were given two bottles of Gal Arrack, free meals, and Rs. 5000/- each. My office boy also went and got the same.
1 17
Citizens Thursday, 19 September 2024 11:13 AM
Your desperation to win and stay in power is well exhibited!! Trust me, you will not win, will not come close to a win!!
4 10
Lucky Fernando - Journalist Thursday, 19 September 2024 11:14 AM
Showing the crowd Ranil cannot cheat the people. Believe me, there are so many NPP, SJB, SLPP people wearing green shirts and holding the flags.
2 4
Jude Thursday, 19 September 2024 11:24 AM
ISB holders will agree to restructure the debt Even if they get within 25 years. The regional Pension funds managers were greedy because the SL government guaranteed ISBs was offering interest rate of 6.875% that's more than double the market rates as LIBOR was below 3% and so was American Bonds Coupon Rate. The biggest problem is 99% of lankans don't know about High finance!! I remember Lankan politicians were bragging about that the ISBs issue was over subscribed!! They didn't know ISBs gonna mortgage the country for next 50 years and will bankrupt the country. I request Daily Mirror to check my comments in your archives more than 10-12 years ago I commented that SL gonna Go bankrupt, that at the rate of SL government issuing ISBs since first time in 2007 where SL issued $500 million ISBs thereafter $1 billion ISBs
2 3
Krish Thursday, 19 September 2024 11:31 AM
Well thanks to us. We are the ones paying taxes.
1 8
SW Thursday, 19 September 2024 11:34 AM
Faces of these innocent uneducated people tell everything !
0 7
Rip Winkle Thursday, 19 September 2024 11:51 AM
Sri Lanka's biggest BS machine.
0 8
Sam Thursday, 19 September 2024 11:57 AM
Any more annoying announcements, Please you never did anything for 45 years only helped your friends.
0 12
Krish Thursday, 19 September 2024 12:13 PM
Yeah I can see the people around you. Known for the integrity and success. Besides we are basically paying half of our salaries in taxes. What's the point of these words when people have no hope of a future. Enough is enough.
0 10
LK Thursday, 19 September 2024 12:16 PM
who bankrupt the country first? is it people? is it civil servants? if it politicians? who take responsibility? it is people like you all politicians>
0 8
Gamini Thursday, 19 September 2024 12:18 PM
We will be back into bankruptcy very soon if AKD is elected once he spends the Rs.6 Billion that RW built up in the last two years. Sahotharays (and three wheel drivers) get ready for Araglaya-2
14 7
Tissa Fernando Thursday, 19 September 2024 04:34 PM
Sri Lanka has NO chance with brainless idiots like you! This fellow has been in SL politics since the 70's. Approx. ~50 years... Can you list what he has done?
0 2
Treehorse Thursday, 19 September 2024 12:36 PM
Please retire and watch Netflix as you used to do.
1 10
Observer Thursday, 19 September 2024 12:38 PM
Soon???? I feel he is targeting 2048!!!! At least something…..
1 7
Sira Thursday, 19 September 2024 12:47 PM
How? At 6 to 7% loan interest commitments? AKD said it could have been 1 to 2%!!!
0 6
Nihal S Thursday, 19 September 2024 12:52 PM
Why didn't you wait to announce this till Saturday morning? You will be gone by Sunday regardless of all these announcements and false promises. Ms. Wickrsamasinghe, you are the most respected and the most educated first lady in Sri Lanka history. Why are you in the stage with a bunch of corrupted people you asking them to be appointed to further ruin our country? You are fast losing the people respect, pls stay away from the politics of Sri Lanka.
0 11
Kevin Thursday, 19 September 2024 01:02 PM
Desperate. We only trust credit rating agencies. Not politicians. SL long term credit rating is still RD! Default credit rating.
2 16
joshua Thursday, 19 September 2024 01:05 PM
SL out of bankruptcy soon and you will be out on 22nd. Thank you for yeoman services rendered for the country and also for protecting the thieves
2 18
Ram P Thursday, 19 September 2024 01:11 PM
The biggest fraud Ranil has been saying that he saved Sri Lanka from Bankruptcy and now says that Sri Lanka will be out of bankruptcy soon. What is his double tonged talk
3 16
Bankrupt Status Imprinted For Long Term Thursday, 19 September 2024 01:31 PM
Sure sure! SL still has tremendous outstanding loans in US$ Billions not paid. Will start paying from 2027 onwards. Rupee has dropped these past few weeks too. So how come not Bankrupt? If you start paying these debts with interest plus the current yearly high government expenses, the country will definitely take new loans yearly too. No definite long term income for the country is going to make things more challenging.
2 14
Tissa Fernando Thursday, 19 September 2024 01:32 PM
Rambling now in utter desperation.
1 13
nad Thursday, 19 September 2024 01:59 PM
YES SOON under new PRESIDENT
1 15
Suhada malli Thursday, 19 September 2024 02:09 PM
Dear President RW. You are creating a false comfort to the nation when you over glorify the current yet precarious situation our country is going through! Since you are contesting perhaps you have no choice. But sir, at least after the election together with good (non political) economic advisors and the CBSL governor in attendance please brief the dangers or hurdles we have to cross year by year. Very specially in 2027. IF the next set of rulers spend more time doing less critical work (spending money) we will have another recession and even if you are elected as president this situation will have to be faced. The world too is heading for a recession. Please regardless of whether you win or lose tell the nation the truth and what indicators to look for every year. The alarmingly pathetic lack of knowledge of what is good and what is bad for the country at this time (ignorance) is going to hurt all of us no matter who wins. Specially 2027 will be a nose dive year.
1 6
Max Thursday, 19 September 2024 02:14 PM
Good bye sweet Prince. Take your bag and baggage and get lost forever. His latest gimmick is exhibiting his wife on stage. What about Sagala? People will never forget how he let loose the goons, security services to assault the youth and destroy the aragalaya, which was his stepping stone to power!
2 14
Suhada malli Thursday, 19 September 2024 02:17 PM
RW thank you for been the situational leader to manage a crisis. However the best leaders plan well ahead to avoid the crisis and make their lives easy. As a nation we all failed in doing so and so faced the crisis. Nevertheless, one ingredient missing in RWs foRWard march is a lack of buy-in from the masses. You run the country with a few pundits supporting you and the people resent the hardships as they are not aware of the plan of action (in their language levels). The success fo the JVP (Malimawa) is they are such good story tellers and so close to the people, the people are believing all the unpractical presently undoable crap.
1 6
M Fernando Thursday, 19 September 2024 04:18 PM
But now, it's time for you to go ! Six times PM and you didn't see a crisis coming ? That's like sitting OL six times and failing.
3 6
Mark Anandappa Thursday, 19 September 2024 02:59 PM
So says a man who uses every trick to avoid any debates in any channels. Stand before a mirror and you will see for yourself
3 6
Truth Be Told Thursday, 19 September 2024 06:05 PM
Sri Lankans have a culture of complaining and whining. You'll have made great strides since the economic collapse and must accept this reality with happiness and gratitude. You all paid a high price in the process of stabilizing the country. After coming this far you think you will be better off under communists. Remember, others who were offered, refused to take on the position of interim president when everything was down and dirty, so RW accepted it and turned it around. I am not for any candidate but this is the truth which cannot be denied.
2 2
M Fernando Thursday, 19 September 2024 10:14 PM
How far have you come ? I earn less, spend more and taxed to my eyeballs Seems like only the people are expected to make sacrifices while the "more equal than others" continue to live the high life as usual Why would any sane person take on a crumbling house unless it was a position they have coveted forever but been unable to achieve and they understood this was the last and best chance of sitting in Uncle's Chair ?
0 2
Vive James Friday, 20 September 2024 07:45 AM
Get your Samsonite ready Like Gota you will be running from Trinco to Maldives
0 0
Sambo Friday, 20 September 2024 07:50 AM
How can you say Sri Lanka is out of bankruptcy. Have you settled the debts. No you are putting the burden on the future generation and looking very happy about it. Haven't you any shame in making such statements.
0 0
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