The Samagi Jana Balawegaya today strongly condemned the handing over of local assets to India in order to obtain loans.
Addressing a media briefing in Colombo, Parliamentarian Kabir Hashim said Sri Lanka is not a sweetmeat to divide into pieces adding the government is doing its utmost to please India in hopes of securing a loan.
He added although the government handed over the Trincomalee Oil Tank Farm to India and the West Container Terminal of the Colombo Harbour to India it did not provide a viable solution to the country’s issues.
The MP further stated the government recently agreed to lease a power station in Sampur to India with the hopes of securing a loan.
MP Hashim said the government intended to lease two power stations in Jaffna and questioned if disregarding Sri Lanka’s energy sustainability and national security by dividing the country and distributing it to foreign countries is harmful to the country.
Joining the media briefing Parliamentarian Eran Wickramaratne said the Road Map by the Central Bank of Sri Lanka has failed to achieve its objectives and is a total failure.
He stated only two objectives of the Road Map were achieved, the stated export revenue was met while there has been no increase in wealth.
He further added although foreign remittances were expected to increase and Sri Lanka was to receive USD 1.5 billion through currency swaps, neither of these objectives have been fulfilled.
However, the MP claimed the International Sovereign Bond Rate has been brought down as promised adding it was due to a reduction in investments in primary markets due to the country being downgraded.
Furthermore, he said the Central Bank promised that Sri Lanka’s credit ratings will improve although they have been downgraded.
MP Wickramaratne claimed although according to the Road Map, inflation was to be controlled between 4-6%, inflation at present is between 16-17%.
The Parliamentarian said although the Road Map predicted a valuation in foreign exchange, the opposite occurred.