IMF team to arrive for talks with new Lanka government on loan agreement for economic recovery
The Hindu
IMF team to discuss economic reforms with new Sri Lankan government led by President Dissanayake
A high-level team of the International Monetary Fund will arrive in Sri Lanka on Wednesday (October 2, 2024) to meet the new government headed by President Anura Kumara Dissanayake and discuss the latest economic reforms supported by the global lender.
On September 24, the IMF said that they would begin talks with the new Lanka government led by President Dissanayake. The global lender said it will discuss the timing of the third review of its ongoing economic reform under a 48-month loan.
Former president Ranil Wickremesinghe-led government was negotiating with the IMF for the release of the fourth tranche of the $2.9 billion facility.
“A high-level team led by Krishna Srinivasan, Director for the Asia Pacific Department will be visiting Colombo October 2-4 to meet with President Dissanayake and the new economic team to discuss the latest economic developments and economic reforms under Sri Lanka‘s economic programme supported by the IMF," a release said.
This will be the National People’s Power (NPP) government’s first interaction with the international lender after being elected on September 21.
On September 23, Mr. Dissanayake was sworn in as Sri Lanka's ninth president, amid hopes that he will bolster the country's economy and eliminate corruption.
Mr. Dissanayake, the leader of the Janatha Vimukthi Peramuna party's broader front National People’s Power (NPP), defeated his closest rival Sajith Premadasa of Samagi Jana Balawegaya (SJB) in the presidential election.
Russia launches a massive drone and missile attack on Ukraine amid ongoing diplomatic talks to resolve the four-year conflict.
Israeli defence firm IWI plans to supply 40,000 LMGs to India next year, enhancing local production and collaboration.
Pakistan's Punjab Province foils a major terror plot, arresting 24 terrorists and seizing explosives during extensive operations.
Iranian authorities file a criminal case against marathon organizers for allowing women to compete without hijabs, amid rising enforcement calls.
Indian student Sahaja Reddy Udumala dies from severe injuries in a house fire while pursuing her Master’s in Albany, NY.
U.K. sanctions British Sikh businessman Gurpreet Singh Rehal for alleged ties to pro-Khalistan terrorism, freezing his assets and disqualifying him as a director.
New York woman Stacey Taylor charged with smuggling Indian nationals into the U.S. faces severe legal consequences.
Supreme Court to review the constitutionality of Trump's birthright citizenship order impacting children of undocumented immigrants.
A U.S. deportation flight carrying 172 Venezuelan migrants lands in Caracas amidst heightened military tensions and ongoing drug trafficking claims.
FIFA awards President Trump a peace prize, marking a significant shift from its traditional sports focus during the 2026 World Cup draw.
PM Modi emphasizes the enduring India-Russia friendship, highlighting energy ties and new collaborations during Putin's visit.
German lawmakers approve a plan to boost military recruitment without reinstating conscription amid rising security concerns from Russia.
Watch: Putin visit - Can India walk the balance with the West?