Cabinet yet to be briefed on IMF agreement – President informs Speaker

Cabinet yet to be briefed on IMF agreement – President informs Speaker

Cabinet yet to be briefed on IMF agreement – President informs Speaker

Written by Zulfick Farzan

22 Sep, 2022 | 10:35 am

COLOMBO (News 1st) – Sri Lanka's Cabinet of Ministers are yet to be briefed on the IMF Staff-Level Agreeement that was reached with official recently, President Ranil Wickremesinghe has informed the Speaker.

The Speaker said the President has noted that though an agreement was reached between the IMF Staff and Sri Lankan Officials, it has to be approved by the Executive Board of the IMF.

"Before that discussions need to happen with the other creditor countries, and their reports also need to be added and until such time it will not be decided by anybody," the Speaker informed the house.

"So, before that there will a cabinet briefing once the President receives all the details. The opposition, the Speaker, interested parties will be invited for that briefing. It has not been finalized and has to be approved by the board. More things need to be revised and added. It is not an agreement. Cabinet has not approved it," he informed SJB MP Lakshman Kiriella who also raised concerns in the house.

 

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