Is Sajith realistic on not honoring IMF loans?

Is Sajith realistic on not honoring IMF loans?

Many political commentators requested the statement of Sajith Premadasa on a future Sri Lankan government under Samagi Jana Balawegaya (SJB) will not be obliged to honor International Monetary Fund funding deals.

Sajith Premadasa’s argument is that as the current government does not have the mandate to sign such an agreement as the ruling party does not have the mandate to rule.

President Ranil Wickremesinghe is in talks with the IMF to obtain $2.9 billion to bail out the economy.

No responsible government could back out from an international agency such as IMF in an arbitrary manner, said financial analyst Sirmal Sumathiratha.

A journalist quipped ‘This statement no better than Wimal Weerawansa’s statement of removing the World Bank plug –its mere political rhetoric to be rubbished’

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