City
Epaper

Sri Lanka sends delegation to IMF for crucial discussions

By IANS | Updated: April 18, 2022 04:15 IST

Colombo, April 18 The Sri Lankan government has sent a delegation to the International Monetary Fund (IMF) for ...

Open in App

Colombo, April 18 The Sri Lankan government has sent a delegation to the International Monetary Fund (IMF) for discussions over ways to get the lender's loans.

The delegation, led by Finance Minister Ali Sabry, also includes Governor of the Central Bank, Nandalal Weerasinghe was sent on Sunday. The delegation is to visit the IMF headquarters and hold discussions in the next few days.

Sabry told media they expect to receive around $4 billion from the IMF in five tranches if the discussions are successful, Xinhua news agency reported.

Sri Lanka has been undergoing a serious economic crisis and foreign reserves stand below $2 billion.

Sri Lanka's Finance Ministry said on Tuesday that the government had decided to suspend normal debt servicing of all affected debts for an interim period till it puts together an orderly and consensual restructuring programme supported by the IMF.

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

Tags: Nandalal WeerasinghecolomboInternational Monetary FundCentral BankSri LankaDemocraticImf researchDemocratic socialist republicNational and globalAli sabry
Open in App

Related Stories

EntertainmentVijay Varma Spotted at Airport in Dashing New Look as He Heads to Sri Lanka for Shoot of New Project

NationalIndia Opposes Asian Development Bank Providing Financial Support to Pakistan

CricketSri Lanka's Angelo Mathews Announces Test Retirement; 37-Year Old To Continue Playing ODIs and T20Is

InternationalSriLankan Airlines Flight From Chennai Searched After Pahalgam Attack Tip-Off, No Suspects Found

NationalNIA Arrests Key Suspect in Sri Lankan Human Trafficking Racket in Chennai

Politics Realted Stories

MaharashtraMaharashtra Monsoon Session: Ajit Pawar Slams Bhaskar Jadhav Over Fund Allegations, Says 'No Need for Unsolicited Advice'

MumbaiUddhav Thackeray Pats Raj Thackeray on Back at Victory Rally Speech; Emotional Video of Thackeray Brothers Goes Viral

MaharashtraMarathi Language Controversy: ‘Did I Pass a GR Against Brotherhood?’ Devendra Fadnavis Hits Back at Uddhav & Raj Thackeray

NationalAssembly Bypoll Results 2025: AAP Wins Visavadar and Ludhiana West Seats; Congress Wrests Nilambur Seat in Kerala

MaharashtraNCP Leader Suraj Chavan Shares Alleged Black Magic Video of Shiv Sena Leader Bharat Gogawle Amid Row Over Raigad Guardian Post