Rejecting as baseless the claim made by President Maithripala Sirisena that the government had incurred a loss of Rs. 2 billion due to a Chinese company that had received the amount as advance payment being nonexistent by 2016, former Director-General of Telecommunication Regulatory Commission Anusha Pelpita said yesterday that no amount of money had been paid to ALIT, the Company that was mentioned by the President in his speech.
By Nishel Fernando Colombo, Dec 30 (Daily Mirror) - Central Bank Governor Dr. Nandalal Weerasinghe said yesterday any government could renegotiate the programme with the International Monetary Fund (IMF) but it would be required to follow the path chosen currently to get international support. Addressing a press conference, he said if the chosen path is broken, no support will be forthcoming internationally. The IMF programme began on September 1, last year. After disbursing the first tranche, it’s again negotiated what our commitments are before disbursing the next tranche. So, it will be a continuous process of renegotiation to change policies in a timely manner, whatever the government is in power for the next four years. There are no restrictions for that. But, the key element is we need to move forward with the programme in order to obtain international support,” he said. He said the foreign governments and other commercial entities are extending the debt relief only on th...
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