{"id":145086,"date":"2024-10-20T14:07:08","date_gmt":"2024-10-20T21:07:08","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=145086"},"modified":"2024-10-20T14:07:08","modified_gmt":"2024-10-20T21:07:08","slug":"former-presidents-debt-plan-a-ticking-time-bomb-says-nagamuwa","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2024\/10\/20\/former-presidents-debt-plan-a-ticking-time-bomb-says-nagamuwa\/","title":{"rendered":"Former President&#8217;s debt plan a ticking time bomb, says Nagamuwa"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy Hiru News<\/em><\/span><\/h2>\n\n\n<p>Duminda Nagamuwa, an executive member of the Jana Aragalaya Alliance, has warned that former President Ranil Wickramasinghe&#8217;s debt restructuring plan is a ticking time bomb. Speaking at a news conference in Kalutara, Nagamuwa asserted that the current government should refrain from implementing this plan, calling it not only a trap but also a potential disaster set to explode in 2028.<\/p>\n\n\n\n<p>Nagamuwa cautioned that Wickramasinghe has ensnared the country in a debt trap that could last until 2043. He highlighted concerns regarding the International Monetary Fund (IMF), which he described as the country&amp;rsquo;s supposed savior, providing loans at an interest rate of 7%. Furthermore, he pointed out that the IMF agreement includes penalties for missed payments.<\/p>\n\n\n\n<p>In light of these developments, Nagamuwa urged the government to remain vigilant and avoid signing any future agreements with the IMF.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy Hiru News Duminda Nagamuwa, an executive member of the Jana Aragalaya Alliance, has warned that former President Ranil Wickramasinghe&#8217;s debt restructuring plan is a ticking time bomb. Speaking at a news conference in Kalutara, Nagamuwa asserted that the current government should refrain from implementing this plan, calling it not only a trap but also [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-145086","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/145086","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=145086"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/145086\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=145086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=145086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=145086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}