President Ranil Wickremesinghe tabled the agreement with International Monetary Fund (IMF) for Extended Fund Facility (EFF) in Parliament this morning.
Addressing Parliament, the President said that at a time when the country was in chaos in July last year, no one was willing to accept responsibility & he was requested to take over.
“I had no power in Parliament, no Members of Parliament from my Party to call my own. “
He said his strength was his conviction that he was capable of rebuilding the country
The receipt of the IMF Facility is a step towards building a better future for the youth & uplifting the country. The credit facility amounts to approximately USD 3 billion over 4 years, with the first tranche of USD 333 million will be received.
Additionally, the country is expecting about USD 7 billion dollars more in rapid credit support from other parties, the President said.
