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

Digital Transformation Hits a Wall: Company Registrar System Collapse Sparks Concerns Over Government’s Vision

To curb corruption and deliver more efficient, transparent public...

Sri Lanka Steps Up Anti-Money Laundering Fight with Oman Pact and Global Collaborations

In a significant move to strengthen its capabilities in...

Sri Lanka to Launch Biometric Passport Services at Overseas Missions

In a major digital upgrade to its consular services,...

UDA Resumes Stalled Housing Projects amid Anti-Corruption Drive

The Urban Development Authority (UDA) has announced the resumption...