{"id":139348,"date":"2023-12-30T16:37:07","date_gmt":"2023-12-30T23:37:07","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=139348"},"modified":"2023-12-30T16:37:07","modified_gmt":"2023-12-30T23:37:07","slug":"no-government-can-deviate-from-current-imf-path-cb-governor","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2023\/12\/30\/no-government-can-deviate-from-current-imf-path-cb-governor\/","title":{"rendered":"No government can deviate from current IMF path: CB Governor"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em><strong>By Nishel Fernando Courtesy The Daily Mirror<\/strong><\/em><\/span><\/h2>\n\n\n<p>Colombo, Dec 30 (Daily Mirror) &#8211; Central Bank Governor Dr. Nandalal Weerasinghe said yesterday any government could renegotiate the programme with the International Monetary Fund (IMF) but it would be required to follow the path chosen currently to get international support.<\/p>\n\n\n\n<p>Addressing a press conference, he said if the chosen path is broken, no support will be forthcoming internationally.<\/p>\n\n\n\n<p>The IMF programme began on September 1, last year. After disbursing the first tranche, it\u2019s again negotiated what our commitments are before disbursing the next tranche. So, it will be a continuous process of renegotiation to change policies in a timely manner, whatever the government is in power for the next four years. There are no restrictions for that. But, the key element is we need to move forward with the programme in order to obtain international support,\u201d he said.<\/p>\n\n\n\n<p>He said the foreign governments and other commercial entities are extending the debt relief only on the understanding that this programme is moving forward.<\/p>\n\n\n\n<p>We need to go in this direction, during this period of 10 years of debt restructuring. If that changes, they can also change their decision on the debt relief. So if this is broken, they can say we don\u2019t support this any more. We will have to repay $6 billion per year in debt repayments,\u201d he said.<\/p>\n\n\n\n<p>His remarks came in the wake of certain political leaders, including Opposition Leader Sajith Premadasa vowing to renegotiate the IMF agreement in case they get back to power.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Nishel Fernando Courtesy The Daily Mirror Colombo, Dec 30 (Daily Mirror) &#8211; Central Bank Governor Dr. Nandalal Weerasinghe said yesterday any government could renegotiate the programme with the International Monetary Fund (IMF) but it would be required to follow the path chosen currently to get international support. Addressing a press conference, he said if [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[193],"tags":[],"class_list":["post-139348","post","type-post","status-publish","format-standard","hentry","category-imf-bailout-package"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/139348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=139348"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/139348\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=139348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=139348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=139348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}