IMF to visit Sri Lanka in late August: CBSL Chief

Sri Lanka will approach all creditors once the country reaches a staff-level agreement with the International Monetary Fund.

Central Bank Governor Dr. Nandalal Weerasinghe said on Thursday (17) that an IMF Mission is expected in Sri Lanka later this month.

“The IMF mission is planning to come here towards the end of the month, with an intention to complete and reach a Staff-Level Agreement on the Policy Package,” said the Governor adding that thereafter Sri Lanka will start approaching the creditors on restructuring its debt.

He said that Sri Lanka has already reached the target and policies to approach the creditors.

The Central Bank Governor said that reaching a Staff-Level Agreement will improve the situation in Sri Lanka.

“We will be reaching out to the bilateral and commercial creditors once we reach the overall debt targets and the Staff-Level Agreement,” he said.

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