header logo
Asia asset finance
Latest
Cabraal denies being summoned to Cabinet meeting to discuss IMF
Dec 13, 202103:16 PM
Cabraal denies being summoned to Cabinet meeting to discuss IMF

The Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal has denied reports that he has been summoned by the Cabinet of Ministers for its meeting today.

 

In a twitter message, the governor said the news reports claiming that he has been summoned by the Cabinet to discuss matters related to seeking the assistance of the International Monetary Fund (IMF) were originated by an ‘opposition politician’ and that they are ‘totally fake’.

 

He alleged that this is a part of the opposition’s misinformation campaign to cause uncertainty.

 

“The media stories originated by an Opposition politician that the Cabinet has summoned the Governor of the CBSL to discuss seeking IMF assistance is totally fake. This is a part of their misinformation campaign to cause uncertainty,” he tweeted.

 

It was reported yesterday that the Secretary to the Finance Ministry Mr. S.R. Attygalle and the CBSL Governor Mr Ajith Nivard Cabraal have been summoned to the Cabinet meeting today (13).

 

The Cabinet is set to meet today for the first time since the government’s Budget for the financial year 2022 was passed in parliament. 

 

The meeting is reportedly expected to also focus on the foreign exchange reserves crisis the country as well as the controversial Yugadanavi power plant deal. 

 

Meanwhile state minister Dayasiri Jayasekara says he believes the country should seek the assistance of the International Monetary Fund (IMF) at this moment.

 

Speaking to reporters following an event, he said: “I think at this point we need to negotiate and work with the IMF as an alternative.”

 

He said it currently appears that other countries seem a little less supportive to Sri Lanka and that therefore he personally believes that the country should discuss with the IMF and move forward. 

 

He said the Sri Lanka Freedom Party (SLFP) has still not discussed the matter and that they have many ideas which they intend to present correctly in the future. 

 

 

 

MostRead
Mobitel 5g
VideoStories
MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

Private bus operators demand 5% fare revision following the fuel price hike

Private bus operators demand 5% fare revision following the fuel price hike

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

Sri Lanka likely to face drought in July-August as El Nino threat grows - Met Dept.

Sri Lanka likely to face drought in July-August as El Nino threat grows - Met Dept.

Funds collected under ‘Rebuilding Sri Lanka’ initiative remain unused in Treasury DST account?

Funds collected under ‘Rebuilding Sri Lanka’ initiative remain unused in Treasury DST account?

Fuel import costs hit USD 522 million in May,highest monthly foreign reserve outflow

Fuel import costs hit USD 522 million in May,highest monthly foreign reserve outflow

Cabinet approves allocation of over Rs. 500 million  for key development projects in 23 cities

Cabinet approves allocation of over Rs. 500 million for key development projects in 23 cities

“Govt. will fulfill public aspirations”  Past welfare programs fostered political dependency: PM

“Govt. will fulfill public aspirations” Past welfare programs fostered political dependency: PM

"CPC incurring massive losses on fuel sales" Cabinet Spokesman says fuel price revisions inevitable

"CPC incurring massive losses on fuel sales" Cabinet Spokesman says fuel price revisions inevitable

“Preserving the Himalayas, a global responsibility”  Nepal Embassy celebrates Int'l Sagarmatha Day

“Preserving the Himalayas, a global responsibility” Nepal Embassy celebrates Int'l Sagarmatha Day

“Sri Lanka is facing a massive economic crisis” Sajith urges govt. to act decisively (English)

“Sri Lanka is facing a massive economic crisis” Sajith urges govt. to act decisively (English)

"Fuel price hike relatively minor" Consumption must be reduced to prevent further hikes – Minister

"Fuel price hike relatively minor" Consumption must be reduced to prevent further hikes – Minister

Colombo streets illuminated with lanterns and pandols  as Sri Lankans celebrated Vesak festival

Colombo streets illuminated with lanterns and pandols as Sri Lankans celebrated Vesak festival

Derana’s 24-hour ‘Vesak Dansala’ concludes successfully; 40,000 devotees participate in the event

Derana’s 24-hour ‘Vesak Dansala’ concludes successfully; 40,000 devotees participate in the event

“SL must be prepared to implement reforms”; GSP+ facility key for exporters to access EU market

“SL must be prepared to implement reforms”; GSP+ facility key for exporters to access EU market

Lassana Flora