Lanka set to get IMF sign-off on March 20th
Posted on March 8th, 2023
Courtesy Hiru News
IMF Managing Director Kristalina Georgieva said The International Monetary Fund welcomes the progress made by Sri Lanka in “decisive” policy actions and in obtaining financing assurances from all major creditors.
IMF Chief said the IMF looks forward to presenting what will be the island nation’s 17th IMF programme to the international lender’s executive board on March 20.
She said “The Extended Fund Facility will support the authorities’ program of ambitious reforms, which will help Sri Lanka emerge from its current crisis and set it on a trajectory of strong and inclusive growth,
Approval by the Board would also catalyze financing from other creditors, including the World Bank and the Asian Development Bank.