There are two views within the government on going to the International Monetary Fund, and some in the government are of the opinion that going to the International Monetary Fund should be the immediate solution to the dollar deficit.
Others are of the opinion that going to the International Monetary Fund will lead to various conditions.
It is said that a final decision will be taken after a lengthy discussion at the Cabinet meeting to be held on Monday (13) headed by President Gotabhaya Rajapaksa.
The Governor of the Central Bank Ajith Nivard Cabraal and the Secretary to the Ministry of Finance Dr. SR Attygalle have also been summoned to the Cabinet meeting on Monday to brief the Cabinet on the economic and financial situation of the country.
The country's foreign exchange reserves have fallen to about US $ 1,500 million, of which only US $ 1,100 million is in dollars, Minister of State for Finance Shehan Semasinghe told Parliament last Thursday.