Ranil says Sri Lanka paying the price for not addressing structural issues

People of Sri Lanka have to face the effects of strenuous economic conditions as the country has virtually exhausted its foreign currency reserves that were there when the present government came to office, MP and former prime minister Ranil Wickremasinghe said during an interview with an Indian multinational English language news channel (WION) recently.











No plans to seek IMF aid

Central Bank of Sri Lanka (CBSL) Governor Ajith Nivard Cabraal, yesterday (20), told reporters the Government has no plans to go to the International Monetary Fund (IMF) for aid.







Supplying Power 24/7 Not Possible

Providing uninterrupted electricity for 24 hours will cause foreign reserves to dry up fast and the country will face a total blackout if the Government is unable to get foreign exchange to import fuel by the end of February, Energy Minister Udaya Gammanpila warned yesterday (January 19).