IMF hopes to soon resume Sri Lanka high level discussions

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The International Monetary Fund (IMF) is still in contact with officials at technical levels within the Sri Lankan government and hopes to be able to resume discussions with higher-level officials, an IMF spokesman said on Thursday (14).

“We hope for a resolution of the current situation that would allow for our resumption of a dialogue on an IMF supported program,” IMF spokesman Gerry Rice said in a scheduled press briefing.

President Gotabaya Rajapaksa fled to the Maldives on Wednesday to escape a popular uprising over his family’s role in a crippling economic crisis, and was last in Singapore from where he sent a resignation letter.

Rice said the IMF still has technical counterparties in the central bank and the Ministry of Finance, and hopes to be able to have high-level discussions with the authorities to begin discussions on a program “as soon as possible.”

He said any new loan program for Sri Lanka would require adequate assurances on debt sustainability.

Source: Reuters