IMF Mandate promotes global macroeconomic and financial stability and provides policy advise and capacity development support to help countries build and maintain strong economies
The duties of the IMF
Aims to reduce global poverty encouraging international trade * and *promoting financial stability and economic growth
Three main functions of the IMF
Overseeing economic development
Lending and
capacity development
Due to IMF advisory the LKR was floated
The USD was LKR 203 now the LKR is 365
The food prices have become so high that people cannot afford to eat and so
It begs the question:
because of the IMF action the people are getting poorer.?
IMF actions mean the people are getting poorer.
The government is planning to reduce the economy to USD 60 Billion (down from 75 to 60)
The per capita gdp will be usd 2700
Below US$ 3000 meaning we are a poor country
Is this against the duties of the IMF?
The staff level agreement is not being shown to the SL public
Doesn’t the IMF have transparency?
Some in the international arena accuse Sri Lanka of lack of transparency.
Why is the IMF speaking of corruption but not addressing need for a Political Donations Act?
The mandate and the duties of the IMF must see our country growing the economy and reducing poverty
We are unable to see either!!
The IMF will give SL 8 tranches totalling US$ 2.9 billion over four years…
There are 8 conditions for 8 tranches
What are the 8 conditions?
Where’s the transparency
Neither the IMF nor the Sri Lankan authorities appear to Have transparency
