PM hopes for staff-level agreement with IMF | Daily News

PM hopes for staff-level agreement with IMF

Prime Minister Ranil Wickremesinghe informed the media owners that the IMF would be visiting the country on June 20 and he was hopeful that a staff-level agreement would be reached by the end of the month.

The Prime Minister made this announcement on Thursday during a meeting with the owners of the media organizations.

He also explained that due to the impending food shortages, he was launching the food security program in the country. Prime Minister Ranil Wickremesinghe added that he was hopeful that through the food security programme the Government would be able to provide food free of charge to 10% of the population who would be unable to afford 3 meals.

He made an appeal to the media owners to assist the Government in presenting a true picture of the situation. He further stated that the media must hold the Government accountable when necessary, but at the same time requested that responsible reporting is followed.

When questioned on the Government’s initiatives, the Prime Minister explained that due to the damage caused to the economy the country would have to suffer the consequences. However, he added that the Government is making maximum effort to reduce the impact through providing financial and logistical support. A Rs. 200bn financial safety net is being raised for social sector support.

He went on to explain that discussions were underway with Japan to regain their confidence and secure their support. The Prime Minister said that countries were stepping forward with assistance in food and medical supplies, however, no country would step forward with providing fuel free of charge.

The Prime Minister stated that he was reliant on the support of the media organisations to help the country see through these upcoming months.

.During the discussion the Prime Minister’s senior economic advisor, Dr. Samaratunga, briefed the participants on the economic situation in the country.

 


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