Top IMF official to visit Sri Lanka this week to brief about economy’s state

By Uditha Jayasinghe

COLOMBO (Reuters) – A senior Worldwide Financial Fund (IMF) official shall be visiting Sri Lanka on Monday and Tuesday to transient President Gotabaya Rajapaksa on the fund’s evaluation of the crisis-hit economic system, Sri Lanka mission chief Masahiro Nozaki informed Reuters.

“Whereas the IMF has not obtained a request for monetary assist from Sri Lanka, the employees stands prepared to debate choices if requested,” Nozaki stated.

The go to comes forward of plans by Sri Lanka to carry formal talks with the IMF subsequent month on the best way to assist the nation.

Sri Lanka is dealing with its worst monetary disaster in years. With overseas change reserves standing at a paltry $2.31 billion, the nation is struggling to pay for vital imports together with gas, meals and medicines.

In a periodic evaluate launch earlier this month, the IMF known as on the federal government to implement a “credible and coherent” technique to repay debt and restore macroeconomic stability.

(Reporting by Uditha Jayasinghe in Colombo; Enhancing by Hugh Lawson and Emelia Sithole-Matarise)

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