The Samagi Jana Balawegaya says Sri Lanka will falter further economically if funds are allocated for USD 500 million sovereign bonds by the 20th of January.
Speaking during a media briefing today, Parliamentarian Harshana Rajakaruna said the government is hurriedly attempting to settle sovereign bonds with the intention of obtaining commissions.
MP Rajakaruna said the BBC is also reporting of Sri Lanka’s financial crisis.
The Parliamentarian said while the world is aware of the dire situation, the present administration is unable to comprehend this.
He said if the USD 500 million is allocated and foreign reserves reduce further, financial ratings, be it Fitch Ratings or S&P Global Ratings will further decline.
He added this will lead to the country facing difficulties in opening Letters of Credit and the international community losing faith in local financial institutions.
The MP questioned the governments haste in settling sovereign bonds.
Furthermore, MP Rajakaruna accused the government of handing over national assets to foreign sources after gaining power by claiming it will reacquire the Hambantota Port.
He said the land behind Shangri-La Colombo was also transferred within a week of the present Head of State taking office.
MP Rajakaruna said the government is now selling the Trincomalee Oil Tank Farm to India while attempting to mislead the public with false propaganda being aired on media.
The MP said the government legalised the agreement pertaining to the Oil Farm which was already vested with India.
MP Rajakaruna said the country’s youth is facing a dire situation while allies of the government are making profits.