IMF delegation to Sri Lanka Aug 24-31 to resume aid talks

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The International Monetary Fund announced that a team will travel to Sri Lanka on August 24-31  to resume aid talks that the Srilankan official

Staff from the Washington-based crisis lender plan to visit Colombo during August 24-31 “to continue discussions with the Sri Lankan authorities on economic and financial reforms and policies, the IMF said in a statement.

“The objective is to make progress towards reaching a staff-level agreement” on a funding package “in the near term,” the IMF further said.

However, the country’s public debt is “unsustainable,” which means any IMF loan program “would require adequate assurances by Sri Lanka’s creditors that debt sustainability will be restored.”

Although the opposition claims that the IMF talks are not successful, the announcement made by the IMF yesterday very clearly indicates opposition’s claim is untrue and talks with IMF are going well.

Further, it is evident, that massive international attention has been paid to the IMF delegation to Sri Lanka, and  International media has reported this as leading news.