One Condition for Sri Lanka..? Twisting Negotiation..?

The people of sri lanka, who are facing the greatest impact due to the economic collapse and financial crisis, have been negotiating with the international Monetary Fund for financial assistance since the day the protest started. It was in the middle of this negotiation that Sri Lanka's politics turned upside down. Having announced attractive projects and given confidence to the IMF, it has now given a large amount of financial assistance. Both the Sri Lankan government and the people are happy with this announcement on the first day of the month. The international Monetary Fund announced on the morning of september 1 that it has approved a $2.9 billion bailout fund based on long-term negotiations with the Sri Lankan government. The IMF has posted on its twitter account that it has approved the disbursement of approximately $2.9 billion under the EEF Extended Fund Facility (EFF) through a 48-month agreement.Through this funding, the Sri Lankan government is soon to reorganize the taxation system. The agreement has been signed between the two parties with the condition that PT will make efforts to be more progressive than the current structure of personal income tax and to expand corporate tax and VAT. It is no exaggeration to say that the people's struggle in sri lanka has caused fear not only in that country but also in many countries, and the people of sri lanka who are in economic decline have started to go abroad for survival. Similarly, many small businesses are closed and millions of workers in the unclassified sector are suffering from loss of livelihood. It is also significant that many families are pushed below the poverty line and worsened.While many countries are currently helping sri lanka, many foreign companies are planning to start businesses and invest in Sri Lanka. This $2.9 billion aid will ensure basic needs and assistance to the people of Sri Lanka.
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Sowmiya Sriram

01/09/2022 06:55 PM