Talks between PM and IMF commence
The delegation of the International Monetary Fund (IMF) who arrived in Sri Lanka are currently holding discussions with Prime Minister Ranil Wickremesinghe. These talks are being held at the Prime Minister’s Office, report said.
The IMF envoys arrived in the island to discuss the provision of financial assistance to Sri Lanka as a solution to the severe financial crisis.
The Prime Minister recently noted that he expects to reach a staff-level agreement with the IMF before the end of this month. The government of Sri Lanka expects a financial assistance of US $03 billion from the IMF.
These talks are underway as the crisis has escalated to a point where dollars could not be allocated for the importation of essential commodities, including fuel, medicine and food.