IMF-CBSL Technical Discussions To Commence As Usual
Posted 14,May

By Chehan Jayasuriya

In Local News

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Issuing statements on Wednesday, the International Monetary Fund (IMF) and the Central Bank of Sri Lanka assured that technical level discussions on Sri Lanka’s debt restructuring would continue despite the political unrest created by Prime Minister Mahinda Rajapaksa’s resignation.

The IMF stated that despite the unrest, the virtual mission, which was to be held from May 9 to May 23, will continue as usual to prepare for policy discussions that will take place under a new government.

“On our virtual mission during 9-23 May, discussions at the technical level have just started and will continue as planned so as to be fully prepared for policy discussions once a new government has been formed.”

CBSL Governor Dr. Nandalal Weerasinghe stated that technical discussions would be carried out as usual, as they are a standard process; however, decisions regarding policies and their implementations will have to be decided upon by state authorities.

“Active state institutions should be there to approve and implement fiscal policy decisions,” Weerasinghe said.

The IMF further mentioned that they would remain committed to assisting the country, keeping in line with the IMF’s policies.