The JVP claims a small country such as Sri Lanka cannot stabilise through the support of the International Monetary Fund.
Speaking at a function today, Former Parliamentarian Bimal Ratnayake said Sri Lanka will be crippled in all sectors under the present administration.
Ratnayake said no country has overcome an economic crisis through the support of the IMF.
Citing an example, he said Argentina is a vast country with many resources, yet sought IMF support nine times since 1998 and even sold cemeteries.
He noted that Greece came out of a recession after 13 years last year adding however that the country’s per capita loan sum is higher in comparison to the per capita income.
Ratnayake claimed that Greece sold all its resources including power plants, water board, and ports including ancient sites, citing that a similar fate will befall Sri Lanka.
He said Sri Lanka will struggle to stay afloat during the next 20 years with all assets being sold.
Ratnayake added a manufacturing economy must be introduced in order to overcome the economic crisis, while its benefits should be vested with the people.
He called for a corruption free, and technologically economic programme for the country.