TO THE PRESIDENT SRI LANKA : ARRANGE TO GET THE FUNDS BACK OR EXPLAIN WHY YOU ARE SILENT ON THIS CRUCIAL ISSUE
Posted on March 1st, 2023
RANJITH SOYSA
We have heard from reliable foreign sources and the Minister of Justice, Wijedasa Raajpakse that there is either a sum of dollars 32 billion or 52 billion dollars which is legally due to Sri Lankaas export earnings held in overseas accounts of Sri Lankan exporters.While the country is heading from bad to worse and the people are told to tighten their belts, the policy makers act dumb and deaf to exhort that they must wait until the IMF decides to ‘donate ‘ dollars 2,9 billion.
We have visited the IMF on a number of occasions but we are yet again in a very tight spot and await them to alleviate our ills.
If the policy makers are keen to adopt IMF stipulations and get their funds as the only possible remedy let them pursue their goal, BUT, why cannot the policy makers negotiate with the exporters who hold Sri Lanka’s export earnings to remit the funds at least in installments of 10 billion dollars at a given time from March onwards. Can the Nation hear a response from the Government as the countryis being pushed to uncharted waters while our dues are deposited in foreign banks ?
RANJITH SOYSA