16 March 2022 08:48 pm
President Gotabaya Rajapaksa said he has decided to work with the International Monetary Fund (IMF) after examining the advantages and disadvantages.
Addressing the nation, he said the government has initiated discussions with international financial institutions as well as with friendly countries regarding repayment of loan installments.
"Yesterday's discussion with the International Monetary Fund was also held for this purpose. Through those discussions, we hope to find a way to pay off our annual loan installments, sovereign bonds, and so on. Subsequent to my discussions with the International Monetary Fund, I have decided to work with the International Monetary Fund (IMF) after examining the advantages and disadvantages," he said.
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