Political stability vital for talks with IMF (ex-SL official)

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Political stability vital for talks with IMF (ex-SL official)

Colombo, April 12 (UNI) Ahead of scheduled talks with the IMF next week, former Central Bank of Sri Lanka Deputy Governor WA Wijewardena has urged the beleaguered government to restore political stability before engaging with the International Monetary Fund in Washington or face the consequences. Wijewardena, who resigned in 2009 after serving as deputy governor for nine years, said political stability here was a prerequisite for the Washington talks, when The Island asked for his opinion on upcoming talks between Sri Lanka and the IMF that were to start. April 18. Political parties represented in parliament could not ignore the danger of sitting down for talks in Washington while a massive nationwide protest campaign was underway demanding the resignation of the president and the entire government. Former Communist Party General Secretary DEW Gunasekera also warned that a protracted political dispute within the ruling coalition and another between the government and the opposition could undermine ongoing efforts to restore economic stability. Stressing that President Gotabaya Rajapaksa’s offer to welcome opposition political parties into the cabinet in a bid to restore stability following the Mirihana violence had been rejected, the former minister said Sri Lanka Podujana Peramuna (SLPP) was also in a difficult situation. much weaker position today. Contrary to various reports in mainstream and social media, the government has been unable to finalize an interim cabinet with or without the opposition for more than a week, the PC veteran said, adding that the resignation of Ali Sabry, PC, one of four ministers were sworn in as ministers on April 4, but his decision to continue certainly did not help the government. The government delegation to the talks with the IMF consisted of Finance Minister Ali Sabry, Treasury Secretary Mahinda Siriwardena and Central Bank Governor Nandalal Weerasinghe. Former lawmaker Gunasekera said further delay in resolving the political crisis would cause irreparable damage to the national economy. Responding to another question, the veteran politician said the harassing forex crisis had turned into the worst situation ever with the toxic combination of financial, political and social crises overwhelming the country. Bar Association (BASL) President Saliya Peiris, PC, said Monday that the BASL could not take a position on the proposed amendment to address current issues. The PC said so in response to The Island’s question whether the BASL would comment on the amendment proposed by two of Sri Lanka’s prominent lawyers, Romesh de Silva and Manohara de Silva, both members of the 9-member team that recently finalized the draft Constitution as requested. by President Gotabaya Rajapaksa. The BASL leader said they could respond in the event the government made its position on the proposed amendment public. UNI ING


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