Former Deputy Leader of the United National Party and MP Ravi Karunanayake has raised concerns over new conditions imposed on companies operating under the Board of Investment of Sri Lanka, attributing the changes to the influence of the International Monetary Fund.
Speaking to the media, the MP said that BOI companies are now required to operate through Sri Lanka Customs under the revised framework.
He noted that these conditions are reportedly based on IMF recommendations but warned that they could have unintended consequences for the country’s export sector.
The MP emphasized that the government must ensure that Sri Lanka’s highly sensitive export industries are not adversely affected by the implementation of these new requirements.
