The International Monetary Fund (IMF) has expressed support for Sri Lanka’s recent agreement in principle to restructure $12.5 billion in bonds with international bondholders. The IMF also welcomed the leadership of newly-elected President Anura Kumara Dissanayake, indicating a continued partnership for the country’s economic recovery.
“We look forward to working with President Dissanayake and his team to build on the hard-won gains that have placed Sri Lanka on a path to recovery,” an IMF spokesperson stated.
The IMF plans to discuss the timing of its third review of the current program with Sri Lanka “as soon as practicable.”
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International Monetary Fund (IMF)
Last modified: September 24, 2024
