IMF delegation here today to discuss loan agreement

A delegation from the International Monetary Fund (IMF) will arrive in Sri Lanka today (20) to finalize the service level agreement on the loan requested by Sri Lanka.

Prime Minister Ranil Wickremesinghe telephoned the Managing Director of the International Monetary Fund, Kristalina Georgieva, on June 7 and asked her to speed up the agreement at staff level on the loan requested by Sri Lanka as soon as possible.

Prime Minister Wickremesinghe was informed on June 9 of the visit of the IMF delegation scheduled for today.

The Prime Minister’s office said that further work on the loan will depend on agreements being reached between Sri Lanka and IMF staff and that the delegation will remain in Sri Lanka for about a week to hold discussions.

Sri Lanka is expecting $4-5 billion in aid in the form of loans from the International Monetary Fund.

Earlier, Prime Minister Ranil Wickremesinghe said loan assistance from the fund would enable Sri Lanka to seek help from other countries.

Prime Minister Wickremesinghe has previously discussed with foreign officials the establishment of an international aid forum to secure aid for Sri Lanka in addition to securing loans from the International Monetary Fund.

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