INSUBCONTINENT EXCLUSIVE:
The discussions between the visiting delegation of the International Monetary Fund (IMF) and the Governor of Central Bank of Sri Lanka Dr
and Finance Secretary Mahinda Siriwardana are also taking part in the talks taking place at the Central Bank premises.Staff from the global
lender will be in Colombo from August 24 to 31.The goal of the visit is to make progress on a staff-level agreement for an aid package in
the near term, to help the island nation weather a severe economic crisis, the IMF said on Friday.Meanwhile, the IMF delegation is set to
meet President Ranil Wickremesinghe later today, Reuters said citing an official of the presidential secretariat who spoke on the condition
of GDP at the end of last year, so as to clinch a staff-level agreement in September.Sri Lanka has USD 9.6 billion in bilateral debt and its
private credit, which includes international sovereign bonds, stands at USD 19.8 billion, according to Finance Ministry data.Japan and China
are the largest holders of bilateral debt, with the latter accounting for about USD 3.5 billion
restructuring with creditors and successful negotiations with the IMF.Meanwhile, the IMF said approval by its Executive Board of the
This article first appeared/also appeared in https://adaderana.lk
