The Cabinet of Ministers is expected to take a decision today on whether the government should seek the assistance of the International Monetary Fund to resolve the present foreign reserve crisis.
According to government sources, the decision is expected to be taken during today’s weekly Cabinet meeting.
On Friday in Parliament, Minister of Finance Basil Rajapaksa said Sri Lanka is facing a severe foreign exchange crisis.
The opposition during the past few months had requested the government to seek the assistance of the IMF to resolve the economic crisis.
However, the government was of the firm stance that it could resolve the crisis without the support of the IMF.
In recent days though, several factions within the government have also indicated that Sri Lanka should obtain the support of the IMF to resolve the prevailing issues.
Meanwhile, reports have been circulating that the Secretary to the Treasury and Ministry of Finance, SR Attygalle and the Governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal have been summoned to the Cabinet meeting to discuss the prevailing economic crisis.
When contacted by NewsRadio, a spokesman for the CBSL Governor said despite media reports, Ajith Nivard Cabraal has not received an invitation to attend today’s Cabinet meeting.
NewsRadio also contacted Treasury Secretary SR Attygalle over the matter.
He confirmed that he has been requested to attend today’s Cabinet meeting to discuss the controversial Kerawalapitiya Yugadanavi Power Plant agreement.
SR Attygalle noted that he is not privy to any other matter.