IMF deal will be presented to parliament: President

COLOMBO: Sri Lanka’s agreement with the International Monetary Fund, negotiated after a severe currency crisis ended in external default, will be presented to parliament for approvals, President Ranil Wickremesinghe has said.

Sri Lanka has not in the past presented IMF deals for approval though they have been made public.

The parliament “will have the option to pass or reject it,” he was quoted as telling a forum on taxation by his media office.

“If the proposal is rejected, the relevant parties should submit alternative proposals to the International Monetary Fund.”