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NPP Economic Council chief explains strategy for IMF talks
Prof. Anil Jayantha, head of the NPP Economic Council, said the JVP/NPP will proceed with the IMF programme without derailing it and meet the programme’s objectives in a way different from the previous government’s approach.
“For example,” he told the Sunday Times, “we will submit revenue measures that ensure a more just sharing of the burden and a robust fiscal consolidation.”
Similarly, Prof. Jayantha said that while the previous government’s state-owned enterprise restructuring plans were meant to benefit private interests, the new government would restructure SOEs with the public interest in mind on a case-by-case basis. He added that the new government was open to divesting some SOEs, such as hotels.
Prof. Jayantha said the government planned to expedite some of the “benchmarks” that the previous government delayed or had not delivered yet.
They include the full implementation of the governance recommendations and the transformation of the tax administration.
“We want to sign a debt restructuring agreement without delay,” said Prof. Jayantha.
“Earlier this month, the previous government came to an ‘in principle agreement’ on debt restructuring with bondholders,” the NPP Economic Council chief said.
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