5 March 2017 10:49 am
She is looking into the possibility of visiting Sri Lanka in the near future,” IMF spokesman Gerry Rice said in a statement.
A visiting IMF mission is in Colombo to review progress of a $1.5 billion loan approved in the middle of last year. Finance Minister Ravi Karunanayake told Reuters that Lagarde’s visit would have been a courtesy call while she was en route to another country in the region. Sri Lanka has been struggling with heavy debts and balance-of-payments pressure.
The government last week approved some tough reforms to make loss-making state firms more efficient and put them on a path towards autonomy, in line with IMF conditions for the loan.(Indian Express)