Explaining the impact, the excessive borrowing would have in the money market and the interest rates, Prime Minister said: “There is a clear mismatch and a problem. Once a report is published we are unable to bring in a new report according to the Standing Orders of the Parliament. We have met the IMF and asked them to investigate the stock of loans exceeding Rs.1.5 trillion. We need to be accountable and should be able to show how it was spent.”

Assigning the Finance Committee to investigate the questionable report PM Wickremesinghe said: “The IMF and the Treasury holds the same grounds. But how and why was the Auditor General’s report got changed? This is a serious question we ned to find answers.  The Finance Committee should look into this issues. In case such large amounts of money came into Sri Lanka it could have increased the interest rates. We will wait for the Finance Committee report.” AH