[Washington19thArchyde.com]-The International Monetary Fund (IMF) is in the early stages of talks with Sri Lanka over its lending program, and any agreement can make the country’s debt sustainable. Was recognized as necessary.
Masahiro Nozaki, IMF’s mission chief for Sri Lanka, said in an email to Archyde.com that IMF Managing Director Georgiewa had discussed lending options and policy plans with the Sri Lankan delegation on the 19th. “The IMF-backed program should be designed to solve Sri Lanka’s serious balance of payments problems and bring the economy back to a sustainable growth trajectory as soon as possible.”
A delegation led by Sri Lanka’s Treasury Minister Sabri began talks with the IMF in Washington on the 18th for debt restructuring.
Nozaki pointed out that the specifics of the IMF loan to Sri Lanka, including the goals and conditions of the program, will be agreed through extensive discussions between the government and IMF staff.