Final agreement with IMF to be signed in March

• Will get more assistance from Japan, China,  USA, ADB and WB once the final agreement is signed

By Yohan Perera 

Sri Lankan government will sign the final agreement with IMF on the latter’s bailout package for the country this month after which assistance would come from multinational donors and a few countries, two presidential advisors said yesterday.  

Presidential Advisor and UNP Deputy Leader Ruwan Wijewardene and Presidential Advisor Sagala Ratnayake said Sri Lanka will get more assistance from Japan, China,  USA, Asian Development Bank and World Bank once the final agreement with IMF is signed. 

“One must understand that youth has lost confidence in politicians in recent times after the financial crisis hit the nation. It was only incumbent President Ranil Wickremesinghe who responded to former President Gotabaya Rajapaksa who called the opposition to take over the government. The President was able to stop the queues and bring about stability. We call upon the youth to play their role for the sake of the nation and cooperate in bringing financial stability to the nation,” Sagala Ratnayake said. 

Mr. Ratnayake added that Sri Lanka will be able to be like developed countries, where fuel prices are adjusted daily. “Sri Lanka will be a developed nation by 2040,” he said.