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Sri Lanka begins discussion with IMF

The International Monetary Fund (IMF) and Sri Lankan government have begun discussions to recover Sri Lankan government from the major economic crisis.

The regional head of the IMF visited Sri Lanka recently and during his visit held discussions with Sri Lankan President Gotabhaya Rajapaksa and Finance Minister Basil Rajapaksa, IMF spokesman Gerry Rice said.

Rice said further discussions would be held on how to help Sri Lanka overcome the economic crisis and that a final decision would be taken during Finance Minister Basil Rajapaksa’s visit to Washington next month.

The Regional Head has submitted a special report on the Sri Lankan economy to the Government of Sri Lanka, which includes some recommendations on how to overcome the crisis.

Meanwhile, the agreement providing a debt facility of US$01 billion was signed between Sri Lanka and India yesterday (17).

The US$ one billion debt facility will be used to purchase essential food items for the next few months, and accordingly, essential items, including wheat flour, sugar and rice, will be purchased from India.

 

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