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Tuesday, August 9, 2022

US Senate Foreign Relations Committee insists on promotion of rule of law and anti-corruption measures before any IMF assistance to Sri Lanka

Image: Ranil Rajapaksa government has been suppression freedom of expression and right to protest in Sri Lanka

USA Senate Foreign Relations Committee says that Any IMF agreement with #SriLanka must be contingent on Central Bank of Sri Lanka ‘s independence, strong anti-corruption measures & promotion of the rule of law. Without these critical reforms, Sri Lanka could suffer further economic mismanagement & uncontrollable debt.

This has been stated in a response to IMF tweet which says that “the aim of the new IMF program is to restore economic stability and debt sustainability, while protecting the most vulnerable, safeguarding financial stability & stepping up reforms to address corruption vulnerabilities so that Sri Lanka can meet its full potential.”

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