Central Bank Governor Dr. Nandalal Weerasinghe says that the current political instability may hinder the negotiations with the International Monetary Fund.
Dr. Nandalal Weerasinghe has stated in a discussion with Reuters that due to this, the progress made so far in the negotiations may be hampered.
He has pointed out that under the current political instability, it will take time to reach an agreement and progress in the negotiations for obtaining credit facilities with the International Monetary Fund.
The Governor of the Central Bank emphasizes that it is essential to establish political stability as soon as possible to avoid financial shortages of fuel, gas, and other essential materials.
He also mentioned that the Reserve Bank of India is negotiating to exchange one billion dollars.
The governor also said that negotiations are underway for another 500 million dollars in loan relief for fuel importation.
Dear Dr. Nandalal Weerasinhe Govenor of CBSL. COPE committee here analyze First 500 million dollars loan fuel what is happened. Sri Lankan need achievers not need reason teller. your service period extended you should work hardly! use your CBSL employees get supports from public enterprises Chairman, directors and authority officers very easy to build Sri Lanka.
Your hands are clean don’t worry use your power and work. if you’re curreptionist god bless to sri Lanka galle pass protesters are there!!!!