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Monday, August 8, 2022

IMF negotiations successful : Statement from President’s Office

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Negotiations between the Sri Lankan government and the International Monetary Fund (IMF) are highly successful, the President’s Office said today.

Issuing a statement, the President’s Office said that the government has made significant progress in negotiations with the IMF with the objective of obtaining the assistance of the financial institution to alleviate the economic issues and establish good economic practices in the country.

In order to have constructive and productive discussions with the International Monetary Fund, a conclusive plan on debt sustainability should be presented.

It was hampered due to the recent political instability in the country and the political policy of the preceding government of not working with the International Monetary Fund.

At present, a politically stable government has been formed under President Ranil Wickremesinghe.

The President’s Office further said that the political negotiations to form an all-party government are highly successful.

In this context, it is the government’s position that the negotiations with the IMF can be successfully concluded and the first step necessary to create financial stability can be taken.

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