brand logo

Wake up and smell the debt: Harsha

23 Feb 2021

  • Reserves down from $ 5.7 b to $ 4.3 b in January

  • Accuses govt of falsely reassuring public

  • Claims no hope without IMF support

  Samagi Jana Balawegaya MP Dr. Harsha de Silva said yesterday (22) that the Government has $ 6 billion of international debt to settle and that it is in denial, thinking that it can be easily paid. “The Government owes about $ 6 billion to the World Bank, Asian Development Bank (ADB), China, and India,” he said. It was revealed that as of 31 December 2020, Sri Lanka's foreign reserves were at $ 5.7 billion, but it decreased to $ 4.8 billion by the end of January. “We can see that the Government has spent over $ 900 million during one month. Further, with the current debts paid, we are in possession of only about $ 4.3 billion. I can responsibly say that we will not be able to pay the current debt at this rate,” Dr. de Silva said.  He accused the Government of falsely reassuring the public and requested the Government not to use denial as a strategy. “We should not veil these problems but rather take straightforward action to solve them,” he said.  He further stated that the Government will also have to pay the debt taken by private banks which were used for currency swaps.  “There is a debt of about $ 1 billion used for currency swaps,” he said.  

Kapruka

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!


More News..