Ravi Karunanayake says the time has come for the IMF to leave

Former Finance Minister Ravi Karunanayake says the time has come for the International Monetary Fund (IMF) to leave Sri Lanka.

Karunanayake says Sri Lanka has received what it wants from the IMF and now there is no need for the IMF to remain in the country.

He says the Government has no obligation to do everything that the IMF wants.

The UNP Assistant Leader also accused the IMF of creating issues for the Government by putting forward unnecessary proposals at times.

He said that the 15 percent VAT was proposed by the IMF and he implemented it when he was the Finance Minister.

However he says the 15 percent VAT was introduced for two years and the two years is now over.

Karunanayake says the VAT must be reduced to 9 percent as was proposed by him when he was Finance Minister.

He also says that when he was Finance Minister the Government saw a rise in its revenue yet that has now reduced. (Colombo Gazette)