IMF Staff to visit SL soon

Date:

The International Monetary Fund (IMF) revealed that a group of its staff members plans to visit Sri Lanka during August 24 – 31 to continue talks with the Sri Lankan authorities on economic and financial reforms to be taken place.

The IMF, led by Peter Breur and Masahiro Nozaki, is expected to reach a staff-level agreement on a prospective IMF extended fund facility arrangement with the government of Sri Lanka in the near term.

“Because Sri Lanka’s public debt is assessed as unsustainable, approval by the IMF Executive Board of the EFF program would require adequate assurances by Sri Lanka’s creditors that debt sustainability will be restored,” the IMF said in a statement.

The IMF team may also continue the engagement with other stakeholders during the visit, it added.

Read the full statement here: https://www.imf.org/en/News/Articles/2022/08/19/pr22287-imf-staff-statement-on-sri-lanka

Share post:

spot_imgspot_img

Popular

More like this
Related

TAX Revenue Management IT System Flaws Threaten Billions in State Revenue

TAX Revenue Management IT System Flaws Threaten Billions in State Revenue

Spice Import Licenses Spark Fears of Backroom Deals and Industry Betrayal

Spice Import Licenses Spark Fears of Backroom Deals and Industry Betrayal

National Library and Documentation Services Board’s Manuscripts accepted for Publication Assistance Project

National Library and Documentation Services Board’s Manuscripts accepted for Publication Assistance Project

Ex-Sabaragamuwa Provincial Minister Remanded Over Alleged Misuse of Public Funds

Ex-Sabaragamuwa Provincial Minister Remanded Over Alleged Misuse of Public Funds