header logo
සිංහලதமிழ்
Vallibel FD
vallible LE
Latest
Will strongly support Sri Lanka on debt restructuring - IMF chief
May 26, 202210:49 AM
Google NewsAdd on Google
Will strongly support Sri Lanka on debt restructuring - IMF chief
Mobitel inner 1278

The International Monetary Fund (IMF) will strongly support Sri Lanka on debt restructuring, IMF chief Kristalina Georgieva says.

 

Speaking to NDTV at the annual meeting of the World Economic Forum in Davos, the IMF chief said, “I feel for the people in Sri Lanka. It is breaking my heart to watch pictures of what is happening in the country that once was quite prosperous.”

 

It is a result of mismanagement, Georgieva said further, noting that the most important thing to be done is to put the island nation back on a sound macroeconomic footing.

 

Georgieva stressed that Sri Lanka needs to restructure its debt and that the IMF will strongly support the island nation in this regard.

 

“We have a technical team in the country, we are ready to support Sri Lanka once we have clarity on what the program may look like and how debt can be restructured,” Georgieva added.

 

She also complimented India for “being a good friend of Sri Lanka and advocating for Sri Lanka in such difficult times.”

 

 

 

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them (mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Comments

0
Comments are disabled

Note: Due to legal constraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

MostRead
Mobitel 1278
VideoStories
No issues concerning overall fuel supply or distribution Stocks secured until mid-2027

No issues concerning overall fuel supply or distribution Stocks secured until mid-2027

Election Commission suspends SLFP’s status as a ‘recognized political party’ amidst major split

Election Commission suspends SLFP’s status as a ‘recognized political party’ amidst major split

Detention period in Organised Crime Prevention Bill to be reduced from 72 to 48 hours – President

Detention period in Organised Crime Prevention Bill to be reduced from 72 to 48 hours – President

Government has not taken decisions harmful to public -- Dy Minister Mahinda Jayasinghe

Government has not taken decisions harmful to public -- Dy Minister Mahinda Jayasinghe

Court orders freezing of bank accounts and vehicles belonging to Rakitha Rajapakshe for 3 months

Court orders freezing of bank accounts and vehicles belonging to Rakitha Rajapakshe for 3 months

Heroin and 'Ice' haul weighing over 150kg seized from vessel intercepted in southern seas

Heroin and 'Ice' haul weighing over 150kg seized from vessel intercepted in southern seas

Protest against proposed PSTA and Organised Crime Prevention Bill marches towards Parliament

Protest against proposed PSTA and Organised Crime Prevention Bill marches towards Parliament

The 3rd International Broadcaster’s Symposium to be held on Nov. 11 & 12 in Colombo

The 3rd International Broadcaster’s Symposium to be held on Nov. 11 & 12 in Colombo

PUCSL recommends 1.46% electricity tariff hike for October–December 2026

PUCSL recommends 1.46% electricity tariff hike for October–December 2026

Court to deliver decision on Gotabaya Rajapaksa's foreign travel ban on Nov. 25

Court to deliver decision on Gotabaya Rajapaksa's foreign travel ban on Nov. 25

PSTA draws widespread opposition from civil groups; Several protests planned against the Bill

PSTA draws widespread opposition from civil groups; Several protests planned against the Bill

Parliament heated over no-confidence motion against Speaker; SJB stages protest within the chamber

Parliament heated over no-confidence motion against Speaker; SJB stages protest within the chamber

Namal Rajapaksa granted bail in Krrish bribery case based on exceptional circumstances by court

Namal Rajapaksa granted bail in Krrish bribery case based on exceptional circumstances by court

"PSTA will cause serious damage to the country" Opposition says PSTA an attempt to suppress dissent

"PSTA will cause serious damage to the country" Opposition says PSTA an attempt to suppress dissent

Crowds flock to IRD offices amid new TIN requirement; IRD urges public to avoid unnecessary visits

Crowds flock to IRD offices amid new TIN requirement; IRD urges public to avoid unnecessary visits

Lassana Flora