Mangala to visit Washington next week for talks with IMF

(COLOMBO, LANKAPUVATH) –Minister of Finance and Mass Media Mangala Samaraweera will visit Washington next week for talks with the International Monetary Fund (IMF).

He will be in Washington from 14 – 16 January 2019 to resume negotiations with the IMF on the Extended Fund Facility, the Central Bank said today.

The IMF had in November decided to suspend funding for Sri Lanka as a result of the political crisis.

Sri Lanka’s three-year extended arrangement was approved on June 3, 2016, to the amount of about US$1.5 billion, or 185 percent of quota in the IMF at that time of approval of the arrangement.

The IMF program for Sri Lanka is on the condition that Sri Lanka implements key economic reforms proposals of the IMF.

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