Sri Lanka's Opposition Leader Plans Major Economic Reforms if Elected

Sajith Premadasa, Sri Lanka's opposition leader, declared to renegotiate the IMF's 2022 economic reforms if elected, ensuring higher taxes for the rich and better conditions for the poor. Premadasa aims to create a more equitable wealth distribution and pursue an export-oriented, knowledge-based economy while addressing social issues, including the compensation for Muslim COVID-19 victims and devolution of power to Tamil-majority areas.

Sri Lanka's opposition leader Sajith Premadasa announced plans to renegotiate the 2022 IMF economic reforms if he wins the upcoming presidential election. He aims to ensure higher taxes for the rich and better conditions for the poor.

Premadasa emphasized the need for a balanced approach where wealth is created and equitably distributed. He plans to ease the tax burden on the people and promote an export-oriented, knowledge-based economy.

Addressing social issues, Premadasa promised compensation for Muslim victims of COVID-19 policies and more power to Tamil-majority regions, while seeking international aid to rebuild civil war-torn areas.

(With inputs from agencies.)