Chief Government Whip and Minister of Urban Development Prasanna Ranatunga claimed that the opposition at a secret meeting with foreign diplomats called for stringent conditions to be applied when the IMF starts releasing the disbursements.
The economic crisis in Sri Lanka has become political, with protesters taking to the streets against the political class. However, the genesis of the present crisis lies in rampant economic mismanagement since the 2000s.
Sri Lanka defaulted on $51 billion foreign debt with most of its forex reserves drained out with no money to import fuel and cooking gas; Concessions being made to attract foreign investors.