An International Monetary Fund (IMF) virtual mission to Sri Lanka is expected to conclude technical talks on a potential IMF loan programme to the crisis-wracked South Asian country on 24 May, IMF Spokesman Gerry Rice said last Thursday (19).
Rice, speaking at a virtual IMF briefing, said the IMF is monitoring political and economic developments in Sri Lanka very closely.
The debt-burdened island country is experiencing its worst economic crisis since it won independence in 1948 as shortages of essential goods have triggered social unrest and has triggered social unrest.
“So we remain committed to help Sri Lanka in line with the IMF policies, and we’ll engage with stakeholders in support of a timely resolution of the crisis that is being faced there,” Rice said.
(Reuters)
IMF monitors SL developments as talks conclude
23 May 2022
IMF monitors SL developments as talks conclude
23 May 2022
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