Sri Lanka’s stance on seeking IMF assistance
Posted on February 22nd, 2022
Courtesy Adaderana
Sri Lanka is open to having discussions with the International Monetary Fund (IMF) and other multilateral lenders for assistance and advice, says Minister Ramesh Pathirana.
He made this remark addressing the media briefing held earlier today to announce the decision of the Cabinet of Ministers.
According to the co-Cabinet spokesman, Sri Lanka is keeping lines of communication open with the IMF and other multilateral lenders such as the Asian Development Bank and the World Bank.
Sri Lanka has sought financial and loans from the IMF 29 times in the past 50 years, the minister added, noting that the government has not taken a firm stance not to seek IMF assistance.