IMF Team to visit SL today

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An IMF team, led by its Senior Mission Chief to Sri Lanka (SL) Peter Breuer and also comprising its mission chief to Sri Lanka Masahiro Nozak, will be in Colombo for 11 days, beginning today (Monday, 20 June), with the visit ending on 30 June, IMF’s Press Officer for the Region Ting Yan said on Saturday (18).

“During the visit they will continue discussions on an economic programme that could be supported by an IMF lending arrangement, building on the progress made during the 9-24 May virtual mission,” said Ting.

“We reaffirm our commitment to support Sri Lanka at this difficult time, in line with IMF’s policies,” she added. Generally such visits are a prelude to an IMF programme (loan), which normally takes another two months to fructify after the end of such a visit. As such, an IMF programme is on the cards for Sri Lanka in September.

By Paneetha Ameresekere