IMF CAN’T LEND TO NATIONS WITH UNSUSTAINABLE DEBT – SJB MP

Samagi Jana Balawegaya MP Dr. Harsha De Silva, says that floating the Rupee without hiking interest rates, was not a wise move by the government, and added that it couldn’t have expected to change one economic variable and expect no…

IMF CAN'T LEND TO NATIONS WITH UNSUSTAINABLE DEBT - SJB MP

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Samagi Jana Balawegaya MP Dr. Harsha De Silva, says that floating the Rupee without hiking interest rates, was not a wise move by the government, and added that it couldn’t have expected to change one economic variable and expect no impact on others.
He added that going to the IMF now maybe too late as the fund’s mandate doesn’t allow it to lend to nations with unsustainable debt.

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