Reasonable doubt whether CBSL Governor deliberately announced ‘debt default’ in a bid to bend before IMF: AKD
There is a reasonable doubt whether the Governor of the Central Bank of Sri Lanka (CBSL) Nandalal Weerasinghe has deliberately announced Sri Lanka’s resorting to debt default on April 12, 2022 in a bid to seek the International Monetary Fund (IMF), said Leader of the National People’s Power (NPP) and the Janatha Vimukthi Peramuna (JVP) MP Anura Kumara Dissanayake, speaking to the Party’s Maharagama Electorate Assembly held yesterday (23).
Reminding that Sri Lanka is in debt to many world powers including the United Kingdom, China, the United States, India and even countries like Bangladesh and monetary bodies such as the Asian Development Bank (ADB), the World Bank (WB) and the International Monetary Fund (IMF), Dissanayake emphasised that the CBSL Chief Weerasinghe has no power to take a decision of this nature.
“Selling the international sovereign bonds (ISBs), we obtained about US $ 15.5 billion, and is yet to settle US $ 13 billion, and selling the bonds in the London market we obtained about US $ 12 billion, but the CBSL announced that they won’t be repaid,” the NPP Leader noted, warning that despite every future research paper, scholar article, review or analysis written on Sri Lanka’s economy, the April 12, 2022 declaration of the country resorting to debt default will always be among the remarks.
Every leader ever came to rule the country in many faces followed the same economic policy leading to which the country is suffering the consequences, MP Dissanayake stressed, adding that Sri Lanka has now been officially recognised as a nation that does not pay its debts before the eye of the world.