“However, the Government had a duty and responsibility to protect vulnerable groups during these negotiations. But it is important we obtain this program as it gives confidence to the rest of the world that Sri Lanka has an agreeable plan of action with regards to its economy. “The IMF package is worth $ 2.9 billion over four years, so we will receive about $ 600 million an year, which is very little. Pointing to the recent hike in electricity tariffs, he said the revision of rates was excessive and heaped immense hardships on poorer segments. Whilst welcoming reports the IMF aid package to Sri Lanka would be finalised today main Opposition SJB MP Eran Wickramaratne yesterday said it was imperative lending agencies also give attention to safeguard vulnerable groups.Īddressing the media Wickramaratne said the country was still in the dark on the modalities of the IMF agreement, and noted some of the proposals are likely to cause a contraction in the economy that could lead to unemployment and loss of earnings. Calls for prevention of war between haves and have-nots.
Warns contracting economy will worsen job crisis.SJB MP Eran Wickramaratne– Pic by Lasantha Kumara
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