WASHINGTON: The International Monetary Fund said discussions with Sri Lanka on a potential IMF loan programme are at an early stage and any deal would require"adequate assurances" that the island country's debts can be put on a sustainable path.
In a statement emailed to Reuters, IMF Sri Lanka Mission Chief Masahiro Nozaki said that IMF Managing Director Kristalina Georgieva discussed lending options and policy plans with a Sri Lankan delegation on Tuesday . "An IMF-supported programme should be designed to resolve Sri Lanka's acute balance of payments problems and put the economy back on a sustainable growth path as early as possible," Nozaki said.
Source: Loan Digest (loandigest.net)
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