Instructions given by World Bank and IMF should not be blindly followed – President Rajapaksa

Instructions given by World Bank and IMF should not be blindly followed – President Rajapaksa

Instructions given by World Bank and IMF should not be blindly followed – President Rajapaksa

Written by News 1st

03 Nov, 2014 | 6:10 pm

President Mahinda Rajapaksa has stated that the country needs to be developed through the local economy.

He said that instructions given by foreign governments, the World bank and the IMF should not be blindly followed, but that the formation of the economy should be based following the analysis of these instructions.

Speaking at an event held on Monday, he went on to say that Sri Lanka is a country that has become an ideal investment destination, and that the benefits of the government’s sound economic management has been handed down to the people through the 2015 budget.

[quote]We have to develop our own economy. Our local Economy. We should not depend on the advice given by the IMF or any other foreign party such as Europe. What we have done today is that we have analyzed the advice given by external parties and created a model to take us forward. This is what must be accepted today. Today,The IMF is talking about the Mahinda Chinthanaya, the World Bank is talking about the Mahinda Chinthanaya and the ADB is talking about the Mahinda Chinthanaya.[/quote]

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