Sri Lanka's Marxist party says IMF conditions included in 2011 budget

Sri Lanka's Marxist party, Janatha Vimukthi Peramuna (JVP) today said that the government has included the conditions put forward by the International Monetary Fund (IMF) in its 2011 budget.

JVP General Secretary Tilvin Silva told a press conference today that President Mahinda Rajapaksa has embraced neo-liberal economic policies and that it is evident when looking at the budgetary proposals for 2011.

According to Silva, the government has relaxed foreign exchange regulations as a step towards the opening up of the Capital Account which the past leaders failed to do despite their attempts in this regard.

Silva also questioned as to what the nationalist elements in the ruling party have to say about the government's move away from a national economy.