NPP Affirms Commitment to IMF Programme, Promises Renegotiation and Offers "Home Grown" Solution

The National People’s Power (NPP) has reiterated its commitment to the IMF programme while pledging to renegotiate its terms and conditions if elected to office. The party's economic council member, Prof. Anil Jayantha, emphasized that while the current austerity measures have burdened the populace, the government's attempts to sell off public assets could lead to severe economic consequences.

Prof. Jayantha outlined the NPP's plans to expedite debt restructuring and implement a homegrown solution to stabilize the economy. He criticized the government for not pursuing early negotiations with creditors and exploring alternative options. Despite these criticisms, he affirmed that the NPP would not deviate from the IMF programme, considering it a pragmatic approach given the country's halfway point in the programme.

Furthermore, Prof. Jayantha highlighted the NPP's intention to conduct an inquiry into certain credit agreements and the utilization of borrowed funds. The party aims to unleash the growth potential, increase government revenue, rebuild foreign reserves, and direct the economy towards sustainable growth