The Economic Times daily newspaper is available online now.

    IMF plans in-person Sri Lanka mission in coming weeks for policy talks

    Synopsis

    The nation-island is in talks with the IMF for a loan package to help navigate its worst economic crisis in seven decades. Sri Lanka's Prime Minister Ranil Wickremesinghe requested on Wednesday to send a staff-level delegation to the crisis-hit country as soon as possible.

    sri lanka_afp1AFP
    The goal of the next mission will be to build on the technical discussions already held with Sri Lanka's authorities in May.
    The International Monetary Fund (IMF) is planning a staff-level mission in the coming weeks to Sri Lanka "to engage on policy discussions on a programme," the fund's spokesman Gerry Rice said on Thursday in Washington.

    The goal of the next mission will be to build on the technical discussions already held with Sri Lanka's authorities in May.

    "The timing of a staff level agreement will depend in part on the strength of the policies that the authorities would promote", Rice added during the fund's regular media briefing.

    The nation-island is in talks with the IMF for a loan package to help navigate its worst economic crisis in seven decades. Sri Lanka's Prime Minister Ranil Wickremesinghe requested on Wednesday to send a staff-level delegation to the crisis-hit country as soon as possible.


    (You can now subscribe to our Economic Times WhatsApp channel)

    (Catch all the Business News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.)

    Subscribe to The Economic Times Prime and read the ET ePaper online.

    ...more

    (You can now subscribe to our Economic Times WhatsApp channel)

    (Catch all the Business News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.)

    Subscribe to The Economic Times Prime and read the ET ePaper online.

    ...more
    The Economic Times

    Stories you might be interested in