FM said directly to IMF that our CAD will be 2.3 billion dollar this FY

[Doom1111]

Yeah Lou you are making lots of Hue and cry here. Look IMF loans comes with strict conditions. read this article on sri lanka

That would help the country to rely on its own resources instead of foreign borrowing, the Central Bank of Sri Lanka said in a statement Feb. 23. The steps will strengthen Sri Lanka’s credit profile, enhance exchange rate stability, and improve the resilience of the economy, it said.

What these measures also do are to help fend off interference from the IMF, whose aid comes with strict conditions — one of the reasons that prompted Malaysia’s then premier Mahathir Mohamad to shun aid fro ..

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

Economic crisis in Sri Lanka shows organic farming doesn’t happen overnight

In pursuit of becoming the world’s first 100% organic food producer, Sri Lanka now finds itself in an economic crisis exacerbated by the pandemic, inflation, and hoarding of essential food items.

qz.com

Sri Lanka is running out of money for imports as delta variant rages

After meeting a $1 billion debt repayment in July from reserves, the government had only enough dollars to cover less than two months of imports

www.business-standard.com

Sri Lanka admits forex crisis 'dangerous'

Basil Rajapaksa, 70, the youngest brother of President Gotabaya Rajapaksa, said state coffers had also suffered huge revenue losses in the Covid-19 pandemic.

economictimes.indiatimes.com

Sri Lanka is facing a severe foreign exchange crisis, says finance minister Basil Rajapaksa - Times of India

International Business News: COLOMBO: Sri Lanka is facing a severe foreign exchange crisis as the island nation, which heavily depends on tourism and tea exports, was battered by .

timesofindia.indiatimes.com

The only reason they are not going to IMF program is that they will have to commit to the program for 5 years at least and devalue currency to 300 against dollar.

 

[Wake Up Pakistan]

Sir when you complete IMF program than only it will be converted into 20 years debt. Look at Argentina ended IMF program and their 42 billion IMF liabilities freezed and same as Sri Lanka.

We have to take hard pill for 1.5 years more so that we end IMF program we will have at least 40 billion reserve.

The Restrictions and conditions comes with IMF program u know what will happen then. We have showed our last year results even IMF did not predict that.

now If they ask us to bring more Taxes what's the point> Pakistan problem is not Tax in %. our Issue is Tax Collection. IMF know it very well. They just want to squeezed you out.

I believe program is not halted neither freeze. Talks going on

 

[Wake Up Pakistan]

Economic crisis in Sri Lanka shows organic farming doesn’t happen overnight

In pursuit of becoming the world’s first 100% organic food producer, Sri Lanka now finds itself in an economic crisis exacerbated by the pandemic, inflation, and hoarding of essential food items.

qz.com

Sri Lanka is running out of money for imports as delta variant rages

After meeting a $1 billion debt repayment in July from reserves, the government had only enough dollars to cover less than two months of imports

www.business-standard.com

Sri Lanka admits forex crisis 'dangerous'

Basil Rajapaksa, 70, the youngest brother of President Gotabaya Rajapaksa, said state coffers had also suffered huge revenue losses in the Covid-19 pandemic.

economictimes.indiatimes.com

Sri Lanka is facing a severe foreign exchange crisis, says finance minister Basil Rajapaksa - Times of India

International Business News: COLOMBO: Sri Lanka is facing a severe foreign exchange crisis as the island nation, which heavily depends on tourism and tea exports, was battered by .

timesofindia.indiatimes.com

The only reason they are not going to IMF program is that they will have to commit to the program for 5 years at least and devalue currency to 300 against dollar.

They will go back to IMF same results more economic strict conditions no growth in economy more taxes. I believe IMF is just a debt trap. its better to stop Luxury Imports. China can bail them out. Its not a big issues.

 

[Doom1111]

The Restrictions and conditions comes with IMF program u know what will happen then. We have showed our last year results even IMF did not predict that.

now If they ask us to bring more Taxes what's the point> Pakistan problem is not Tax in %. our Issue is Tax Collection. IMF know it very well. They just want to squeezed you out.

I believe program is not halted neither freeze. Talks going on

Sir October is the last date due to 1.5 year program is already paused and program it self is only 3 years.

 

[Pakistan Space Agency]

Shaukat Tareen is the worst thing that happened to PTI after Usman Buzdar

They say this about nearly every PTI Minister.

Has anything good actually happened to PTI yet?

 

[Will_Bite]

Am amazed at the number of Phd Economists on this forum.
Some people are taking the "Chief Minister" and "Minister' tag on users way too seriously.

Why not just turn siasat.pk into Pak cabinet?

 

[Wake Up Pakistan]

Sir October is the last date due to 1.5 year program is already paused and program it self is only 3 years.

everything all over the world on paused due to Pandemic. u need to understand. All countries still stuck due to Covid-19. I think its fair excuse

 

[Wake Up Pakistan]

Am amazed at the number of Phd Economists on this forum.
Some people are taking the "Chief Minister" and "Minister' tag on users way too seriously.

Why not just turn siasat.pk into Pak cabinet?

Desprado ko Finance minister bana dou. He will sell Pakistan to IMF