IMF in-person mission to Colombo

The International Monetary Fund (IMF) is planning an in-person mission to Colombo in the coming weeks to engage in policy discussions on the IMF-supported program, IMF Spokesman Gerry Rice said on Thursday (Jun 9) in Washington.

He said further that the IMF is committed to support Sri Lanka at this difficult time, in line with the IMF’s policies. The goal of the next mission will be to build on the technical discussions already held with Sri Lanka’s authorities in May. The timing of a staff-level agreement will depend in part on the strength of the policies that the authorities would promote”, Rice added during the fund’s regular media briefing.

Sri Lanka is in talks with the IMF for a loan package to help mitigate the economic situation.