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Time for another #FactCheck, especially on how the protest has delayed IMF support.
According to Minister @nanayakkara77 the "chaotic situation in the country fuelled by revolutionaries" delayed a staff-level agreement b/w SL and the IMF. [1]
This is FALSE.
According to Minister @nanayakkara77 the "chaotic situation in the country fuelled by revolutionaries" delayed a staff-level agreement b/w SL and the IMF. [1]
This is FALSE.
The delay in progressing on IMF negotiations is largely due to the delays in enacting tax laws to change the tax structure, presenting a plan to achieve debt sustainability, and adopting an interim budget.
Whilst the IMF has not officially issued any statements about the protests delaying a bailout, it has called on Sri Lanka to pro-actively engage with China on debt-restructuring.
#lka #EconomicCrisisLK #SriLankaProtests #srilankancrisis
#lka #EconomicCrisisLK #SriLankaProtests #srilankancrisis
