IMF team to arrive for talks with new Lanka government on loan agreement for economic recovery
The Hindu
IMF team to discuss economic reforms with new Sri Lankan government led by President Dissanayake
A high-level team of the International Monetary Fund will arrive in Sri Lanka on Wednesday (October 2, 2024) to meet the new government headed by President Anura Kumara Dissanayake and discuss the latest economic reforms supported by the global lender.
On September 24, the IMF said that they would begin talks with the new Lanka government led by President Dissanayake. The global lender said it will discuss the timing of the third review of its ongoing economic reform under a 48-month loan.
Former president Ranil Wickremesinghe-led government was negotiating with the IMF for the release of the fourth tranche of the $2.9 billion facility.
“A high-level team led by Krishna Srinivasan, Director for the Asia Pacific Department will be visiting Colombo October 2-4 to meet with President Dissanayake and the new economic team to discuss the latest economic developments and economic reforms under Sri Lanka‘s economic programme supported by the IMF," a release said.
This will be the National People’s Power (NPP) government’s first interaction with the international lender after being elected on September 21.
On September 23, Mr. Dissanayake was sworn in as Sri Lanka's ninth president, amid hopes that he will bolster the country's economy and eliminate corruption.
Mr. Dissanayake, the leader of the Janatha Vimukthi Peramuna party's broader front National People’s Power (NPP), defeated his closest rival Sajith Premadasa of Samagi Jana Balawegaya (SJB) in the presidential election.
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