IMF’s second tranche will be approved today, President assures
December 12, 2023 01:33 pm
President Ranil Wickremesinghe has assured that the Executive Board of the International Monetary Fund (IMF) will approve the second tranche of the Extended Fund Facility (EFF) programme for Sri Lanka today (12), the Cabinet Spokesman, Minister Bandula Gunawardana said.
Speaking at the Cabinet Press Conference held this morning, Gunawardena mentioned that the President communicated this to the Cabinet of Ministers on Monday (11).
IMF’s Executive Board is taking up for consideration the first review of the 48-month Extended Fund Facility (EFF) Arrangement for Sri Lanka today.
The bilateral creditors such as the governments of India, China, and Japan as well as the Paris Club of creditor governments recently agreed to provide debt relief for Sri Lanka, the Minister said.
Commenting further, Gunawardena said that governments of any country that fails to comply with the provisions of IMF agreements cannot last for at least for two weeks.
