The Government was
forced to sell state property such as ports and air ports to come out of the
debt crisis the country is facing for
which Cabinet approval had been granted
to sell the Eastern Jetty of the Colombo Harbour recently, the Janatha Vimukthi
Peramuna (JVP) said.
Government had to obtain more loans to repay the existing loans says
member Sunil Hadunnetti told a news conference that the government had to
obtain more loans to repay the existing loans.
has faced a crisis in obtaining foreign loans as credit rating agencies have
downgraded Sri Lanka.
The government has
lost all channels of obtaining loans internationally to repay the dollar loans.
This has resulted in other countries to intervene and force the government to
sell state resources at a bargain,” he said.