Sri Lanka is on the verge of getting ‘very positive news’ from the International Monetary Fund on a $2.9 billion program, a government minister said, while a senior source said it had also won debt restructuring support from China
A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo
Sri Lankan President Ranil Wickremesinghe's office said he would deliver a special statement in parliament on Tuesday to "explain to the nation the current state of the economy and progress on IMF negotiations". "Sri Lanka is on the verge of getting very positive news from the IMF," the junior finance minister, Shehan Semasinghe, told parliament.
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