COLOMBO (NewsRadio); Another round of crucial discussions between authorities and Sri Lanka’s creditors is scheduled to be held today.
The President’s Media Division said debt restructuring in Sri Lanka is on the agenda and will be discussed at length.
Following a staff-level agreement reached with the International Monetary Fund, authorities have been holding talks with creditors including bilateral and multilateral lenders to restructure the debt.
After reaching an agreement, Sri Lanka will be able to secure a bailout package from the IMF.
Meanwhile, last week, Chief of Staff and Senior Advisor to the President on National Security Sagala Ratnayake met with the outgoing IMF Resident Representative for Sri Lanka Tubagus Feridhanusetyawan and the incoming IMF Resident Representative for Sri Lanka Sarwat Jahan at the Presidential Secretariat.
The three-member IMF team met with Sagala Ratnayake and exchanged views on prior action and debt restructuring.
During the discussion, Ratnayake assured the IMF team that he would brief President Ranil Wickremesinghe on matters that were discussed at the meeting and convey his response to them.