State Minister Dayasiri Jayasekara says the country’s economic issues cannot be resolved by seeking the support of the International Monetary Fund.
Speaking to media, State Minister Jayasekara said although there will be short-term relief, the country will face several issues due to the IMF involvement.
He said the IMF will impose strict conditions such as reducing the number of employees within state institutions, in return for funding.
State Minister Dayasiri Jayasekara said the Ceylon Petroleum Corporation, Ports and the Sri Lanka Railways will have to be privatized if the IMF was to be involved.
He added when such matters are conveyed to the people, there will be a huge opposition and also unnecessary panic among the public.
The State Minister said therefore they will have to seek for other alternatives.
While acknowledging that the IMF will provide short-term debt relief, the State Minister said if such offers are to be accepted, the government should be prepared to deal with multiple issues in the country.