Sri Lanka will take a required decision on whether to go the International Monetary Fund based on future conditions, co-cabinet spokesman Ramesh Pathirana said.
“There is no decision yet,” he told the weekly cabinet news briefing. “In the future looking at the world situation and the country’s situation we will take the required decision.”
“At the moment there is no deficit decision.”.
The IMF usually tells countries to raise interest rates to stop money printing, then asks for a float, to make the monetary base inconvertible.
Minister Pathirana said Finance Minister Basil Rajapaksa had briefed the cabinet on government finances and there will be a hiring freeze, cut on allowances including fuel unless actual expenses are incurred.