Ceylon Chamber congratulates Govt on reaching SLA with the IMF

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The Ceylon Chamber of Commerce yesterday, issuing a statement, congratulated the Government on its reaching a staff-level agreement (SLA) with the IMF.

The statement reads:

“The Ceylon Chamber of Commerce congratulates the Government led by the President, the Governor of the Central Bank of Sri Lanka, Secretary to the Treasury and other key officials on reaching a staff-level agreement with the IMF for a 4-year Extended-Fund Facility programme (EFF). We hope that the next steps in gaining IMF Board approval for the EFF programme and disbursement of financing will be done in a timely manner.

We are confident that such steps along with the debt restructuring process with both bilateral and commercial creditors moving forward in parallel will guide the economy back to a sustainable growth path, strengthen dollar reserves and reduce shortages in the economy.

…Towards this, the Ceylon Chamber of Commerce as the premier Chamber will continue to support the policymakers in implementing progressive reforms as announced in the recent Interim Budget such as those related to State-Owned Enterprises, Trade and Financial sector which are vital for a sustainable economic recovery.”