IMF says no request for financial support from Sri Lanka

The International Monetary Fund (IMF) says it has not received a request for financial support from Sri Lanka.

IMF mission chief for Sri Lanka, Masahiro Nozaki told Inner City Press that IMF staff continue to engage with Sri Lankan authorities.

He said they plan to discuss macroeconomic developments, outlook, and macroeconomic policies in the context of the next Article IV consultation.

Nozaki said the next Article IV consultation is expected to take place later this year.

“We have not received a request for financial support from Sri Lanka recently, but stand ready to discuss options if requested,” the IMF said.

Ajith Nivard Cabraal, Minister of State for Money and Capital Markets and State Enterprise Reforms was quoted as saying this week that the IMF has decided to provide US $ 800 million (Rs. 160 billion) in August to boost the country’s economic strength.

State Minister Cabraal also stated that this is a grant and not a loan to be repaid. (Colombo Gazette)

3 COMMENTS

  1. We cannot accepted IMF terms and conditions of Financial long which has so many conditions are burden to Island citizens by proposed Tax on last Govt of that so -called “good governances” UNP led by Ranil W.. and Sajith P… But SLPP has to reduce so many Tax packaged introduce against to citizens by last corrupted govt of by UNP leadership to citizens of country.

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