Written by 10:59 am Top Views: 6

IMF Welcomes Sri Lanka’s $12.5 Billion Bond Restructuring Agreement and ready to work with new president

IMF

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.”

Visited 6 times, 1 visit(s) today

Last modified: September 24, 2024