MP Kiriella lethargic on Sri Lanka’s lethargy in debt-restructuring
No other country in the world has taken 2.5 years like this [Sri Lanka] for debt restructuring. Every country completed that process in 1 or 1.5 years
Parliament YouTube channel | May 22, 2024
Posted on: 4 July, 2024
False
MP Hakeem a bit dubious on Sri Lanka’s very dubious record [on economic governance]
Come September, we will be the first Asian country to be subjected to IMF review of governance diagnostic. [...] In the meantime, even in the Geneva Resolution against Sri Lanka, they spoke about the need to address the economic crimes. For the first time in the history of Human Right Council in Geneva, a government was accused of economic crimes and that again become Sri Lanka. So therefore, we have this dubious” record [...]
Manthri.lk Watch | July 6, 2023
Posted on: 3 August, 2023
Partly True
MP Gammanpila: IMF doesn’t demand DDR, but foreign debt holders do
The IMF has not imposed a condition saying to restructure domestic debt. ….. That being the case, who has intimidated us to the point of doing this? What has happened is that foreign bondholders – sovereign bondholders – have imposed a condition saying that if their debt is restructured…then, something similar must also be done to domestic debt.
Daily Mirror News YouTube page | June 27, 2023
Posted on: 27 July, 2023
True
Minister Fernando’s ‘Great Wall’ of expectations from Chinese tourists is too high
If each Chinese tourist spent $5,000 that could raise a figure comparable to the recent International Monetary Fund bailout…If you really look at it, tourism can get Sri Lanka out of this mess.
themorning.lk | May 23, 2023
Posted on: 13 July, 2023
Partly True
No reservations on MP Wickramaratne’s claim on Sri Lanka’s reserves
Compared to 2019 and 2021, the decrease in foreign reserves is 80% in Sri Lanka. But other countries in the [South Asian] region have seen an escalation of their reserves.
Daily FT | January 25, 2022
Posted on: 24 February, 2022
True
Minister Alahapperuma on track on Sri Lanka’s journey with the IMF
It was in 1950 that we entered into an agreement with the IMF to obtain its membership. As a member country, from 1960 until now, we have carried out certain transactions with the IMF on 16 occasions. I recall that 2.5 billion dollars was obtained in 2008 during President Mahinda Rajapaksa’s tenure. That was the largest loan obtained from the IMF thus far.
Official Facebook Page of the Department of Government Information | January 19, 2022
Posted on: 17 February, 2022
True