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2nd round of IMF talks in September: Finance State Minister

By: Isuru Parakrama

Colombo (LNW): The second round of discussions with the International Monetary Fund (IMF) will take place in September this year, revealed Finance State Minister Ranjith Siyambalapitiya.

Accordingly, the second round of discussions with the IMF will take place from September 11 to 19, and an IMF delegation will be visiting the country during this period to engage in the talks, the Minster confirmed.

He added that the second tranche of about US $ 350 million, approximately amounting to Rs. 120 billion, is likely to be received following the first review scheduled for September, and that the government of Sri Lanka had agreed on nine conditions required to be fulfilled before the review.

Approximately 80 per cent of the stipulated conditions set by the IMF have already been fulfilled, Siyambalapitiya noted.

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