Creditors’ insecurity

Sri Lanka’s creditors expressed concern over the country’s primary balance target of 2.3% by 2025 and higher forecasted inflation by the end of 2023 announced at the presentation held by the Government on 23 September with said creditors, revealed an official who attended the meeting on behalf of a leading local bank.

Speaking to The Sunday Morning Business, the source said that the creditors had raised questions about achieving the primary surplus of 2.3%, which was one of the main targets given by the International Monetary Fund (IMF) under the Staff-Level Agreement (SLA) reached.