IMF responds to allegations of education spending cutbacks in Sri Lanka

IMF responds to allegations of education spending cutbacks in Sri Lanka

Written by Bella Dalima

30 May, 2014 | 6:35 pm

Journalists on Friday questioned International Monetary Fund delegates regarding allegations that the IMF had insisted on cutbacks to education spending in Sri Lanka.

IMF Mission Chief Todd Schneider responded:

“This is an issue that also puzzles us a little bit. To be clear, this is not an issue we discussed during this mission. It is not an issue we have discussed in previous missions. Rather, to the contrary, in our view, we see continued spending on education as vital. Really on the contrary, we see continued investment in human resources and the skills development as vital — which is one of the reasons why we continue to come back to revenue. The government needs the fiscal space in order to continue to pay for this investment.”

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