The proposed (but yet unknown) IMF agreement has several pre-conditions to fulfill..

Date:

IMF statement of 1st September 2022: The proposed (but yet unknown) IMF agreement has several pre-conditions to fulfill

  1. Approval by IMF management and the Executive Board in the period ahead,
  2. Implementation of “unknown” prior actions by the SL authorities,
  3. Receiving financing assurances from Sri Lanka’s official creditors,
  4. SL authorities making a good faith effort to reach a collaborative agreement with private creditors,
  5. Securing debt relief (probably a reference to a hair-cut) from Sri Lanka’s creditors (doesn’t say Forex creditors only), and
  6. Obtaining additional financing from multilateral partners to help ensure debt sustainability and close financing gaps.

Share post:

spot_imgspot_img

Popular

More like this
Related

Luxury Intimate Wear Brand amanté Enters GCC Market Through Strategic Partnership with 4R Holdings

Sri Lanka’s leading intimate wear brand, amanté, is entering...

Dhammika Perera buys Sri Lanka’s East West Properties

ECONOMYNEXT – Sri Lanka businessman Kulappu Arachchige Don Dhammika...

Former DMT Chief and Three Others Granted Bail in Illegal Vehicle Registration Case

The Colombo Magistrate’s Court has granted bail to four suspects, including former Department...

Inland Revenue Dept  Targets VAT Evaders with Asset Seizures and Legal Action

The Inland Revenue Department (IRD) has launched a series...