Sri Lanka expresses interest in IMF Funding
At the press briefing on 11 February 2016, Gerry Rice, Director at the IMF Communications Department said that a technical mission to review recent developments and options for reducing the size of Sri Lanka’s 2016 budget deficit concluded 5th February and that a future negotiating mission that could take place in late March or early April, that’s on Sri Lanka.
Answering a question on Sri Lanka, on the reported request from the government for a new IMF program he said the authorities have expressed interested in a Fund supported program as one option to address the balance of payments, pressures that they face. We are considering the options and that will depend on our assessment of macroeconomic vulnerabilities, the nature and size of balance of payments needs, and government policies to address those vulnerabilities.
A technical mission to review recent developments and options for reducing the size of Sri Lanka’s 2016 budget deficit concluded February 5th. We published the statement that day and the issues I’ve just described, they will be worked out in a future negotiating mission that could take place in late March or early April, that’s on Sri Lanka. (IMF)