From Wednesday, IMF staff will continue discussions with Sri Lankan authorities on economic and financial reforms and policies (24).
The monetary fund delegation arrived in Sri Lanka last evening, according to Sri Lanka’s Finance Secretary Mahinda Siriwardena..
In a recent statement, it was stated that the goal is to make progress toward a staff-level agreement on a potential IMF Extended Fund Facility (EFF) arrangement in the near term.
“Because Sri Lanka’s public debt is deemed unsustainable, approval of the EFF programme by the IMF Executive Board would necessitate adequate assurances from Sri Lanka’s creditors that debt sustainability will be restored,” it added.
During the visit, the delegates’ would also continue to engage with other stakeholders.
According to the monitory fund’s statement, the team will be led by Mr. Peter Breuer and Mr. Masahiro Nozaki.