Prime Minister Ranil Wickremesinghe has commenced discussions with a delegation of the International Monetary Fund a short while ago.
Premier Wickremesinghe is holding talks with the 10-member IMF team who arrive din the island today, at the Prime Minister’s Office.
A team from the IMF is in the island to hold discussions with the government and officials regarding a bailout package to support Sri Lanka to overcome the current economic crisis.
The IMF team is expected to remain in the country until the 30th of June to discuss the economic programme of the government which will lead to the bailout package.
Earlier, the IMF has also reaffirmed its commitment to support Sri Lanka at this difficult time.
An IMF team led by Peter Breuer and Masahiro Nozaki conducted a virtual mission with the Sri Lankan authorities from the 9th to the 24th of May on an economic program that could be supported by an IMF lending arrangement.
The IMF team met with Prime Minister Ranil Wickremesinghe at the concluding meeting, following technical discussions with the economic team led by Governor of the Central Bank of Sri Lanka Nandalal Weerasinghe and Secretary to the Treasury Mahinda Siriwardana.
The team also met with representatives of the private sector, the financial sector, and development partners.
Sri Lanka which is facing an unprecedented economic crisis is seeking to obtain around $5 billion from the IMF to deal with the on-going issues.