Managing the Debt Crisis and the IMF

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Managing the Debt Crisis and the IMF

We will strengthen fiscal discipline as per the IMF agreement and continue with difficult but necessary reforms to meet the targets of revenue, primary balance and debt. However, we will make amendments to the current programme to guarantee relief to those below poverty line and improve quality of life for Sri Lankans.

In the case of agreeing to a solution that allows for ‘claw back’ clauses for foreign creditors to benefit from more than expected GDP growth, we will insist that ‘comparability of treatment’ be extended to the EPF that bore the brunt of the domestic debt restructure.

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