The next round of technical talks between Sri Lanka and the IMF will start soon

The next round of technical talks between Sri Lanka and the IMF will start soon

The next round of technical discussions with Sri Lanka will take place from May 9 to May 23, according to Masahiro Nozaki, the IMF’s Sri Lanka mission chief. In a statement issued on Friday, Nozaki stated that the IMF is committed to aiding Sri Lanka in accordance with its principles. “Because Sri Lanka’s debt is considered unsustainable,” he stated, “approval of IMF financing, including through a Rapid Financing Instrument, would require adequate indications that debt sustainability will be restored.” Last month, the two sides convened their first round of talks at the IMF headquarters. To address its foreign currency shortages, Sri Lanka is hoping for an IMF Rapid Finance Instrument (RFI) facility as well as a larger Extended Fund Facility (EFF).

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