IMF delegates holds another meeting with President and Fin. Min. officials
August 26, 2022 06:46 pm
The visiting delegation of the International Monetary Fund (IMF) held another meeting with Finance Ministry officials today where President Ranil Wickremesinghe also participated virtually, the PMD says.
The delegates, led by IMF’s Senior Mission Chief for Sri Lanka Peter Breuer, first called on President Wickremesinghe on Wednesday, hours after meeting the Central Bank officials on the same day.
The IMF and Sri Lanka are expected to reach a staff-level agreement for a possible USD 3 billion bailout package, including restructuring debt of about USD 29 billion. This would be Sri Lanka’s 17th rescue program with the IMF.
During the meeting with President Wickremesinghe on Wednesday, the IMF delegates decided to hold further discussions with the Central Bank officials today on the technical issues pertaining to the Extended Fund Facility program.
The IM delegation will be in Colombo from August 24 to 31. Another round of discussion is scheduled to take place on August 26.
