NPP Will Amend IMF Agreement

NPP Will Amend IMF Agreement

The National People’s Power (NPP) has communicated to the visiting delegation from the International Monetary Fund (IMF) its intention to revisit certain clauses concerning the sale of public assets and alleviating burdens on the populace as stipulated in the current IMF agreement with the Sri Lankan government.

Vijith Herath, a parliamentarian representing the NPP, disclosed the party’s position during a meeting with the IMF delegation, which included Peter Breuer, the Senior Mission Chief of the IMF to Sri Lanka, convened in Colombo today.

Following the meeting, Vijitha Herath, MP for the NPP, addressed the media, highlighting the focus of the discussion on the party’s stance and its proposed revisions to the IMF agreement in future governance.

Moreover, Herath emphasized the NPP’s contention that discussions on debt restructuring should be centred around this fundamental stance. The party also expressed reservations to the IMF delegation regarding the recent appointment of the Chairman of the Committee on Public Enterprises (COPE).

Herath commented on the measures to address fraud and corruption in Sri Lanka, noting the passing of relevant legislation in Parliament but the lack of effective implementation.

He underscored the significance of the COPE Committee in combating corruption within state entities, citing its previous leadership under former NPP MP Sunil Handunnetti, during which the Central Bank bond scam was brought to light.

Herath criticized the appointment of an individual with questionable integrity to lead the COPE Committee, suggesting that such appointments undermine efforts to combat corruption. He accused President Ranil Wickremesinghe of obstructing further legal action in corruption cases.

The NPP parliamentarian conveyed to the IMF delegation the party’s stance that written agreements must be translated into practical action, criticizing the appointment of compromised individuals to key positions tasked with combating corruption.

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