A high-level delegation from the International Monetary Fund (IMF) arrived in Sri Lanka to engage with the newly formed government led by President Anura Kumara Dissanayake. The primary objective of the visit was to initiate discussions on the progress of the IMF Program and necessary steps towards the release of the fourth tranche of the…
Sri Lanka is set to host two significant diplomatic engagements this week, marking the first high-level interactions with newly elected President Anura Kumara Dissanayake. Indian External Affairs Minister, S. Jaishankar, will visit Colombo for the first high-level engagement between India and Sri Lanka following President Dissanayake’s election. This visit is crucial for reaffirming India’s commitment…
The International Monetary Fund has welcomed the announcement of an agreement in principle between Sri Lanka and international bondholders’ representatives, subject to confirmation on comparability of treatment by Sri Lanka’s Official Creditors Committee. “This represents significant progress in Sri Lanka’s debt restructuring process,” said a spokeperson for the IMF. The spokesperson added that the IMF…
The International Monetary Fund (IMF) emphasized that Sri Lanka’s upcoming presidential elections are for the people to decide. During a press briefing, Julie Kozack, the IMF’s Spokesperson, explained that discussions on the next review of Sri Lanka’s economic program will take place after the elections, once a new government is in place. Kozack reiterated that…
The Sri Lankan government’s submission to the International Monetary Fund (IMF) for the 2024 Article IV Consultation and the Second Review under the Extended Fund Facility (EFF) has been met with significant criticism. Many argue that the stringent conditions imposed by the IMF exacerbate the country’s economic challenges, disproportionately affecting the poor and vulnerable. Critics…
