No request from Sri Lanka for IMF funding

26 November 2021 01:47 am - 9 - {{hitsCtrl.values.hits}}

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The International Monetary Fund (IMF) says Sri Lanka has not made any request for financial support.

IMF’S Mission Chief for Sri Lanka Masahiro Nozaki told Daily Mirror in an email that a staff team from the IMF is scheduled to visit Colombo from December 7–20.

Responding to a question posed on the visit, the IMF Mission Chief said that the delegation will be in Colombo to conduct 2021 Article IV consultations with Sri Lanka.

Under Article IV of the IMF’S Articles of Agreement, the IMF holds regular bilateral discussions with all member countries to review economic developments and policies; following approval by IMF Management the IMF’S Executive Board discusses a Staff Report based on these discussions.

“The IMF has not received a request for financial support from Sri Lanka recently, but the staff stands ready to discuss options if requested,” Masahiro Nozaki said. United National Party (UNP) leader

Ranil Wickremesinghe was quoted as telling Parliament this week that Sri Lanka is bound to go for a dialogue with the IMF under section four of the UN Monetary and Financial Conference in December this year.

He had requested the Government to present the details of this dialogue to Parliament saying Parliament has the right to know details of the agreement to be reached. (EASWARAN RUTNAM)

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Comments - 9

Kikazaru Friday, 26 November 2021 07:43 AM

In Sri Lanka the culture is wait and see and let the wounds heal by itself. Sri Lanka is expecting to find solutions by swaps which will not work.

Amare Friday, 26 November 2021 08:43 AM

Nothing to worry. We have China's high interest loans with no strings attached.

joshua Friday, 26 November 2021 08:47 AM

we are busy begging from countries in the region. If not sufficient we will sure to come to you.

Be Fair Friday, 26 November 2021 08:52 AM

Wait............. we will be there

Ramesh Friday, 26 November 2021 09:48 AM

May be they don't know how much beg.

Jude Friday, 26 November 2021 10:20 AM

Just wait, it's coming!! Be patient,!!

N SENA Friday, 26 November 2021 10:47 AM

WE HAVE CHINESE LOANS WHO PAYS GOOD COMMISSIONS

Banker Friday, 26 November 2021 11:07 AM

Why can't the IMF leave Sri Lanka alone without trying to be too smart.Our Cabraal has the Alladin's Lamp to solve any problem.

VJ Friday, 26 November 2021 08:18 PM

They will get it from Lyca Mobile.

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No request from Sri Lanka for IMF funding

Comments - 9

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