The IMF has told Sri Lanka in no uncertain terms that corruption and waste have to be brought under control. Yet, a minister would directly solicit a bribe from a Japanese company and get away with it. Doesn’t the Cabinet have any control over officials who change the conditions in the tender, and decide to buy coal for two years with no thought for price fluctuations? Although the IMF, the Paris Club, the US, the UK, Europe, China and Japan have all got together to help Sri Lanka, does the country deserve their help? The corrupt system needs a shake-up. The IMF was formed in 1945 at the Bretton Woods Conference based on the ideas of Dexter White and John Maynard Keynes. (Read More)
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