Saturday, October 1, 2022
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The proposed (but yet unknown) IMF agreement has several pre-conditions to fulfill..

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.

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