IMF team visits Sri Lanka today for economic discussions
An International Monetary Fund (IMF) team led by Krishna Srinivasan, the Director for the Asia Pacific Department, will visit Colombo, Sri Lanka, from October 2 to 4, 2024, according to an IMF spokesperson.
The delegation will meet with Sri Lankan President Anura Kumara Dissanayake and the new economic team to discuss recent economic developments and reforms under the IMF-supported economic program.
The spokesperson mentioned that the team will provide updates after their visit.
On October 1, 2024, the new Cabinet Spokesperson, Vijitha Herath, stated that the Sri Lankan government plans to review the IMF-supported program.
By the end of the month, the Governor of the Central Bank, the Finance Secretary, and the President’s Senior Economic Affairs and Finance consultants will travel to New York to discuss structural aspects of the program with the IMF.
Minister Vijitha Herath clarified that, contrary to previous statements by the former government, no final agreement has been made with the International Sovereign Bondholders.
While talks had progressed significantly, a conclusive agreement has not yet been reached. A final decision is expected during the upcoming meetings at the IMF headquarters.
The Minister reiterated the government’s ongoing criticism of how domestic debt restructuring has been handled and confirmed that this issue will be a major topic in future discussions.
The government will also request necessary reports from the Justice Ministry to ensure the legal framework supports this process.
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But the NPP Government is not ready. They do not appear to know how to implement the colourful Manifesto with its long list of false promises.
It has appointed two jokers as advisors without pay.
And the Jokers are going to Washington (at their own cost??) at the end of the month.
Oh, yes! You know it better! What is the meaning of not ready? Why the people elected the NPP?
And, they are jokers according to a man who thinks he is a sane and intelligent person who could not bring forward the past leader’s grave mismanagement and highly corrupted governance of the country which was almost brought to the bankruptcy!
Do you know that in this regard, you ARE the biggest JOKER here?
Mr Mayadunne,
The people elected a war hero from a politically strong family three years ago.
We all know how he ran away in a boat after two years.
NPP is clueless; see, the Boss’ Secretary has sat in the office for 2 weeks counting cars in Galle Face.
Mr. Mayadunne, what will we be reading at this moment here, if the war hero did not give up his post? He gave up since his army and police did not do their job and not a single rioter died because of his action.