IMF team here for two weeks

CEYLON TODAY | Published: 2:00 AM Nov 26 2021

The International Monetary Fund’s (IMF’s) Mission Chief for Sri Lanka, Masahiro Nozaki, based at IMF Headquarters in Washington, DC, by email on Wednesday (24), said an IMF staff team is scheduled to visit Colombo for two weeks from 7-20 December, to conduct the 2021 Article IV consultation with Sri Lanka.

Under Article IV of the IMF's Articles of Agreement, the IMF holds regular bilateral discussions with all member countries such as Sri Lanka to review economic developments and policies, Nozaki said.

Consequently, following approval by the IMF Management, the IMF’s Executive Board discusses such staff reports based on these discussions, he said.

Nozaki in conclusion said the IMF has not received a request for financial support from Sri Lanka recently, but the staff stands ready to discuss options if requested. 

(PA)


CEYLON TODAY | Published: 2:00 AM Nov 26 2021

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