“We won’t be tethered to the IMF – ours is a fresh economic journey”- Cabraal

“We won’t be tethered to the IMF – ours is a fresh economic journey”- Cabraal

“We won’t be tethered to the IMF – ours is a fresh economic journey”- Cabraal

Written by Zulfick Farzan

11 Feb, 2021 | 7:38 pm

Colombo (News 1st); Sri Lanka has embarked on a fresh economic journey said State Minister of Money & Capital Market and State Enterprise Reforms Ajith Nivard Cabraal in Parliament on Thursday (11).

He said the government will not be compelled to operate on the terms of the International Monetary Fund (IMF), adding the restrictions imposed at present will not be in place forever.

The State Minister was optimistic to say that in the coming months the country’s reserves will be further strengthened, adding the government will not fall prey to the opposition’s tricks.

The government inherited an economy with depleted reserves, increased imports, and ever-decreasing exports, alleged State Minister Cabraal.

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