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Sri Lanka anticipates third IMF EFF installment by June: official

 

Sri Lanka is on track to receive the third tranche of the IMF's extended fund facility by June, contingent upon securing consensus from creditors on debt restructuring, as stated by State Minister of Finance Shehan Semasinghe. Preliminary consent from bilateral creditors has been obtained, with expectations high for agreements with commercial creditors. Progress has been made in domestic debt restructuring, and discussions are ongoing with International Sovereign Bond Holders and other creditors like the China Development Bank. Completion of bilateral restructuring agreements and a deal with private creditors is necessary to conclude the second review of the IMF program, with hopes to finalize it by June-July before elections, as indicated by President Ranil Wickremesighe.

Sri Lanka anticipates third IMF EFF installment by June: official | Economy Next

Economy Next
2024-04-05