Technical level discussions with Sri Lanka will continue: IMF
The Hindu
The Island nation has been grappling with an unprecedented economic turmoil since its independence from Britain in 1948.
The International Monetary Fund on Wednesday, May 11, 2022, said that it would continue the technical level talks with debt-ridden Sri Lanka to prepare for policy discussions once a new government has been formed in the island nation.
Sri Lanka has been grappling with an unprecedented economic turmoil since its independence from Britain in 1948. Sri Lanka is currently facing the worst economic crisis and political instability ever after Independence due to manifold reasons both short and long-term.
The IMF said that it remains committed to assisting Sri Lanka in line with its policies, the Colombo Gazette news portal reported.
Technical level discussions with Sri Lanka have commenced. They will continue in order to prepare for policy discussions once a new Government has been formed, the IMF was quoted as saying by the report.
“On our virtual mission during May 9-23, discussions at the technical level have just started and continued as planned so as to be fully prepared for policy discussions once a new government has been formed,” the IMF said in a statement.
The IMF also said that it is following developments in Sri Lanka closely and is concerned about rising social tensions and violence.
In the month of April, the two sides convened their first round of talks at the IMF headquarters in Washington.
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