‘IMF proposals must be implemented whether good or bad’

President Ranil Wickremesinghe says proposals of the International Monetary Fund must be implemented to recover from the economic crisis, regardless of whether they are good or bad, and regardless of who likes them or not.

The President said the government has the right to question for alternative proposals if any party opposes the IMF proposals.

The Head of State speaking at a conference organised by Advocata Institute at the BMICH this morning (5) said the old economic model can no longer be implemented adding that innovative thinking is required while paying attention to global changes.

President Wickremesinghe said many hardships will have to be faced during the next six months.

The President added the country must first focus on foreign debt and must refrain from being caught up in geopolitics in the Asian region.

The President also highlighted the importance of reviving school education that has been crippled due to the coronavirus pandemic and the fuel crisis.

President Wickremesinghe is also of the view that economic stability must be established first while subsequently ensuring social stability.

President Wickremesinghe added that trade relations must also be established with Asian countries with large growing markets.

Source: News Radio