City
Epaper

Sri Lankan President reaffirms commitment to IMF program

By IANS | Updated: October 4, 2024 12:15 IST

Colombo, Oct 4 Sri Lankan President Anura Kumara Dissanayake reaffirmed his government's broad agreement in principle with the ...

Open in App

Colombo, Oct 4 Sri Lankan President Anura Kumara Dissanayake reaffirmed his government's broad agreement in principle with the objectives of an International Monetary Fund (IMF) program during a meeting with IMF officials.

However, the president stressed the need to achieve these goals through alternative methods that would ease the burden on the people, the President's Media Division (PMD) said in a statement on Thursday.

The meeting focused on the progress of Sri Lanka's ongoing IMF program, the PMD said, Xinhua news agency reported.

The IMF delegation appreciated Dissanayake's commitment to the program's objectives and expressed openness to discussing the alternative strategies proposed by the Sri Lankan government, according to the PMD.

In March 2023, the IMF approved a 48-month Extended Fund Facility of approximately 3 billion US dollars to support Sri Lanka's economic reform and recovery efforts.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

BusinessIndia-UAE Progressive Summit 2025 & Golden Achiever International Awards

InternationalIndia will continue to maintain firm, uncompromising stance against terrorism: Jaishankar

NationalTN: ECI recognises Naam Tamilar Katchi as state party

NationalIndia and Pakistan Reach Understanding to Halt Firing and Military Action, Says S Jaishankar

EntertainmentRaveena Tandon expresses relief as India announces ceasefire with Pakistan

International Realted Stories

InternationalChina accused of pushing 'revisionist' history of World War II: Source

International"India, Pakistan Agree to Full & Immediate Ceasefire: Donald Trump Makes Major Announcement Amid Mounting Tensions

InternationalIndia and Pakistan to stop all firing and military action: MEA

International"India, Pakistan agree to cease military action on land, air and sea": FS Vikram Misri

International"Pakistan and India have agreed to a ceasefire": Pakistan Foreign Minister Ishaq Dar