Opposition Leader reiterates IMF Deal revisions to prioritise economic growth
August 22, Colombo (LNW): Opposition leader and presidential candidate for the Samagi Jana Sandhanaya (SJB) Sajith Premadasa has pledged to renegotiate Sri Lanka’s current deal with the International Monetary Fund (IMF) if elected.
Premadasa criticised the existing agreement, arguing it prioritises debt sustainability over vital economic growth, which he believes is essential for the country’s future.
Speaking at the National Visionary Summit in Colombo, hosted by the National Council of Professionals, Premadasa highlighted that Sri Lanka’s economy requires more than just financial stability.
He emphasised that the government should focus on areas such as trade and other critical sectors instead of merely achieving a modest 3.1 per cent growth by 2029, as outlined in the present IMF agreement.
According to Premadasa, this growth target is insufficient to meet the nation’s broader economic needs.
“We need growth that is not only sustainable but also tradable and inclusive,” Premadasa said, stressing the importance of shared prosperity.
He reiterated that while the Samagi Jana Balawegaya supports ongoing reforms, they intend to reshape policies that drive robust, long-term economic expansion.
Premadasa’s comments come as the nation debates its economic future amidst challenging times, with his message resonating strongly with professionals and the business community seeking a more ambitious and growth-oriented economic strategy.
