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World

IMF delegation to arrive in Sri Lanka on Thursday

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COLOMBO: An International Monetary Fund (IMF) staff team will arrive in Sri Lanka on Thursday, a statement from the global lender said as the crisis-hit country prepares for the first review of a loan programme in September.

The delegation will visit Sri Lanka during May 11-23 as part of regular consultations ahead of the first review mission later this year, the IMF said in a statement.

India extends $1bn credit line for Sri Lanka by a year

Krishna Srinivasan, Director of the Asia and Pacific Department, will join the May 12-15 visit and a press briefing will be held on Monday, it said.

Sri Lanka is struggling with its worst financial crisis in over seven decades triggered by a severe shortage of foreign exchange.

The island finalised a nearly $3 billion IMF programme in March.

Comments

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Tulukan Mairandi May 10, 2023 03:21pm
Thanks to India support. Meanwhile iron brother China and ummah Saudi Arabia (peace be upon them) are unwilling to help Pakistan
0
Wayne May 10, 2023 04:39pm
@undefined have you read anything
0