COLOMBO, Sept 24 (Bernama-Xinhua) -- The International Monetary Fund (IMF) has expressed its eagerness to collaborate with Sri Lanka's newly elected President Anura Kumara Dissanayake, said the IMF on Tuesday.
"We look forward to working closely with President Dissanayake and his administration to build on the significant progress made, which has helped steer Sri Lanka toward economic recovery after one of its worst financial crises in 2022," said an IMF spokesperson in a statement, reported Xinhua.
The IMF said it welcomed the announcement of an agreement in principle between Sri Lanka and international bondholders' representatives, subject to confirmation on comparability of treatment by Sri Lanka's Official Creditors Committee.
The IMF also noted that it plans to discuss the timing of the third review of Sri Lanka's IMF-supported programme with the new president as soon as practicable.
In March 2023, the IMF approved a 48-month Extended Fund Facility arrangement, amounting to approximately US$3 billion, to support Sri Lanka's economic reform and recovery efforts.
--BERNAMA-XINHUA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
