Negotiations to collect second IMF tranche positive: Minister

Colombo (LNW): The negotiations to secure the second tranche of the debt facility provided by the International Monetary Fund (IMF) are progressing positively, announced Acting Finance Minister Shehan Semasinghe, speaking to a briefing at the President’s Media Centre (PMC) today (28).

Further commenting, the Minister noted that the government’s efforts in economic reform are currently under review by the IMF, adding that steps necessary to finalise the staff level agreement in this regard are set to conclude following President Ranil Wickremesinghe’s official visit to Germany.

“Undoubtedly, our nation is currently navigating through challenging phases. Yet, if the economic restructuring led by the President persists on this path, there is a promising future where Sri Lanka stands robust in its economic stature,” Semasinghe noted.

He went on: “While certain factions seeking short-term political gains might view the nation’s economic fortification sceptically, the upcoming disbursement from the International Monetary Fund paves the way for a brighter economic outlook for Sri Lanka by 2024.”