{"id":135727,"date":"2023-07-19T16:28:06","date_gmt":"2023-07-19T23:28:06","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=135727"},"modified":"2023-07-19T16:28:06","modified_gmt":"2023-07-19T23:28:06","slug":"sri-lanka-should-pass-first-imf-review-visit-in-sep-imf-board-member","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2023\/07\/19\/sri-lanka-should-pass-first-imf-review-visit-in-sep-imf-board-member\/","title":{"rendered":"Sri Lanka should pass first IMF review, visit in Sep &#8211; IMF Board Member"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy Hiru News<\/em><\/span><\/h2>\n\n\n<p><strong>Sri Lanka&#8217;s forthcoming review of the USD 3 billion International Monetary Fund (IMF) bailout package &#8220;should go through&#8221; given the falling inflation, appreciation of the rupee and build-up of foreign reserves says Prof. Krishnamurthy Subramanian, representative at the IMF Executive Board for Sri Lanka, India, Bangladesh and Bhutan.<\/strong><\/p>\n\n\n\n<p>Sri Lanka stands a strong chance of passing the first review of its $3 billion bailout given falling interest rates and a build-up of foreign reserves, according to the nation&amp;rsquo;s representative on the International Monetary Fund executive board.<\/p>\n\n\n\n<p>Sri Lanka&#8217;s efforts to achieve debt sustainability in line with IMF stipulations are also progressing smoothly, said Krishnamurthy Subramanian, who also represents India, Bangladesh and Bhutan. <\/p>\n\n\n\n<p>IMF officials will visit Sri Lanka in September to take stock of the situation, added Subramanian, one of 24 executive directors on the board.<\/p>\n\n\n\n<p>Loan disbursement decisions like the upcoming one for Sri Lanka require a majority of voting shares at the board, a governing body for the IMF that tries to operate by consensus. Subramanian made clear that his views are his own, and that he couldn&#8217;t speak for the overall view of the board.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy Hiru News Sri Lanka&#8217;s forthcoming review of the USD 3 billion International Monetary Fund (IMF) bailout package &#8220;should go through&#8221; given the falling inflation, appreciation of the rupee and build-up of foreign reserves says Prof. Krishnamurthy Subramanian, representative at the IMF Executive Board for Sri Lanka, India, Bangladesh and Bhutan. Sri Lanka stands a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[193],"tags":[],"class_list":["post-135727","post","type-post","status-publish","format-standard","hentry","category-imf-bailout-package"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/135727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=135727"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/135727\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=135727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=135727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=135727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}