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Sectoral Oversight Committee warns IMF second tranche will be delayed

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Colombo (LNW): A new agreement is needed to secure the second tranche from the International Monetary Fund (IMF) for Sri Lanka, the Sectoral Overight Committee on Alleviating the Impact of the Economic Crisis said.

Only 38 of the 100 conditions set by the IMF are met so far, disclosed Committee Chief Gamini Waleboda.

43 conditions have not progressed at all, and the rest are only partially addressed, he added, warning that this could lead to potential delays in obtaining the second IMF funding tranche.

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