IMF to review SL’s Rapid Credit Facility request

The International Monetary Fund (IMF) said that they have started to review Sri Lanka’s request for Rapid Credit Facility.

Director of the Asia and Pacific Department at the IMF Changyong Rhee said at a press briefing on Wednesday that they received a letter from Sri Lanka government about their Rapid Credit Facility.

“We received a letter from Sri Lanka government about our Rapid Credit Facility, the program, RCF program. So, we are now starting to review it. And we are now discussing with the government whether they want to switch their previous program into our new Rapid Facilities. So, we will discuss this, this week,” he said.