Debt restructuring talks unimpeded by unrest IMF states

by Viruben
May 13, 2022

Following an explosion of violence in Sri Lanka's capital city, the International Monetary Fund (IMF) and the Central Bank of Sri Lanka (CBSL) have maintained that discussions over debt restructuring will continue unimpeded.

“On our virtual mission during 9-23 May, discussions at the technical level have just started and will continue as planned, so as to be fully prepared for policy discussions once a new government has been formed", a statement from the IMF reads.

Yesterday, Ranil Wickremesinghe was appointed Sri Lanka's Prime Minister provoking fierce opposition from the Sri Lanka Freedom Party (SLFP), who are refusing to accept any positions under his leadership as Prime Minister.

Whilst technical discussions continue with the IMF, Sri Lanka does not currently have a team to negotiate debt restructuring with its creditors.

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