Aug 18, 2018

Govt. may not extend IMF agreement! Featured

The agreement between the Sri Lankan Government and the International Monetary Fund is scheduled to expire by the end of the year and the Sri Lankan government may not extend the agreement, it is reported.

The government intends to provide relief to the public in several areas after the agreement ends.

By the agreement between the IMF and the Sri Lankan government, it has imposed several restrictions in the provision of relief to the people including certain restrictions on expenditure as well.

The said agreements were signed during the Mahinda Rajapaksa regime in 2013 and it is scheduled to expire by the end of the year.

Prime Minister Ranil Wickremesinghe has instructed the Finance Ministry to submit a report detailing the relief measures to be offered after the agreement ends.