Ranil explains the reasons for the economic crisis in Sri Lanka

Former Prime Minister Ranil Wickremesinghe says that Sri Lanka could have avoided the present economic crisis and dollar shortage if the government had sought the assistance of the International monetary Fund (IMF) much earlier before the situation reached a critical point.

The United National Party (UNP) leader said that problems arose in 2020 for Sri Lanka’s market and the Bangladesh market, but Bangladesh had a reserve while Sri Lanka’s reserves dropped.

He said that at that point, Sri Lanka should have sought aid especially from the IMF. The former PM further said that Sri Lanka urgently needs a national consensus for the country to move forward or else there will be no future for the people. The parties need to know and move forward with a national consensus.