SJB Economic Committee member Mr. Eran Wickramaratne said that due to the International Monetary Fund allowing the government to delete some of the most important parts of the IMF’s report, there will be a serious problem with their transparency.
Speaking in Parliament on Thursday (23) MP Eran Wickremaratne claimed that the IMF would look at its own Transparency policy if they allowed the deletion of some of the most important sections in the IMF report.
He stressed further and said “It is stated in the first page of the report, which provides extended financial credit facilities to Sri Lanka, that the IMF’s transparency policy would allow for the deletion of market-sensitive information and premature disclosure of the authorities’ policy intentions in published staff reports and other documents. I can understand as a former banker that nobody should reveal market information. But I do not agree with the clause which says they must not disclose the authorities’ policy intention,” he said.
He further highlighted that the SJB would not agree with the non-transparent method of not disclosing the policies that should be followed by the IMF.
President Ranil Wickremasinghe tabled the IMF report in Parliament last week after the IMF Executive Board granted its approval for the bailout worth $ 2.3 billion for Sri Lanka