By Karuna Thapa
Kathmandu, April 8
Sri Lanka, which is in the midst of a severe economic crisis, has applied to the International
Monetary Fund for a loan. Sri Lanka is also prepared to take up loans from the Asian
Development Bank and the World Bank. To discuss the subject with the IMF, a three-member advisory team of financial professionals has been constituted.
Indrajit Kumaraswamy, the former Governor of the Central Bank of Sri Lanka, is a member of the committee. The group has been tasked with finding solutions to the debt situation.
Meanwhile, the Asian Development Bank expects Sri Lanka’s economy to grow at a moderate 2.5 percent in 2022.
Former minister’s allegation: Rajapaksa’s family looted the country
Former minister and MP Champika Ranawaka accused the Rajapaksa family of robbing the
country during national protests against the Rajapaksa regime.
During his term from 2004 to 2014, he accused the Rajapaksa regime of embezzling $19 billion.
Ranawaka claims that the government has taken significant sums of money from the
international financial market and has failed to pay it back on schedule. According to him, the entire country is suffering as a result.
