Sri Lanka confident of wrapping up debt talks for IMF review in June: State Minister

Sri Lanka aims to finalize debt talks with creditors before the IMF's next review, focusing on converting deals into MOUs and starting new bondholder negotiations.

Sri Lanka is confident of concluding debt talks in time for the IMF to consider the next review of the island’s program, according to State Minister for Finance Shehan Semasinghe. "We have a strong conviction that within our timelines we can do it," Semasinghe stated, noting that discussions on converting in-principle deals with official creditors into MOUs are progressing. He added that the second round of negotiations with bondholders needs to commence, with advisors for both bondholders and the government actively engaging in the process.

Sri Lanka confident of wrapping up debt talks for IMF review in June: State Minister | Economy Next

Economy Next

2024-05-30

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