IMF chief pleased over Sri Lanka reaching staff-level pact for US$ 2.9 Billion
Posted by Editor on September 4, 2022 - 1:05 pm
Kristalina Georgieva – IMF chief
Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva today said she is very pleased that IMF staff and Sri Lankan government officials have reached a staff-level agreement to support the country’s economic policies with a 48-month Extended Fund Facility of about US$ 2.9 billion.
“This is an important step forward for Sri Lanka,” she said in a twitter message on Sunday.
The IMF on Thursday announced that it has reached a staff-level agreement with Sri Lanka, in a first step before extending a $2.9 billion loan package that the Fund has made contingent on assurances from the island nation’s creditors.
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Good news to all innocent Sri Lankans. It is good that IMF is trying to reduce expenditure & increase income through higher tariffs on electricity, water & vat, etc on poor persons daily essential retail items. The big question among the ordinary public now is whether IMF will do some thing to reduce the o of ministers, deputy ministers, state ministers & expenditure on 225 MPs in our democratic Parliament. All hope, certainly they will look into this !