IMF Workers Assertion on Sri Lanka

IMF Workers Assertion on Sri Lanka

August 19, 2022

Washington, DC: IMF workers plans to go to Colombo throughout August 24-31 to proceed discussions with the Sri Lankan authorities on financial and monetary reforms and insurance policies. The target is to make progress in direction of reaching a staff-level settlement on a potential IMF Prolonged Fund Facility (EFF) association within the close to time period. As a result of Sri Lanka’s public debt is assessed as unsustainable, approval by the IMF Government Board of the EFF program would require ample assurances by Sri Lanka’s collectors that debt sustainability will probably be restored. IMF workers would additionally proceed the engagement with different stakeholders throughout the go to. The staff will probably be led by Mr. Peter Breuer and Mr. Masahiro Nozaki.