IMF team to review Sri Lanka’s EFF programme

17 November 2024 10:54 am Views - {{hitsCtrl.values.hits}} 8 Bookmark

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A delegation from the International Monetary Fund (IMF) is to visit Sri Lanka from November 17 to 23 to conduct the third review under the country’s Extended Fund Facility (EFF) programme.

Led by IMF Senior Mission Chief Peter Breuer, the team will evaluate Sri Lanka’s economic policies, the progress of ongoing reforms, and the implementation of previous agreements with the IMF. Following the review, the IMF is expected to release the next installment of the loan to Sri Lanka.

Comments - 8

Jerome Dias Sunday, 17 November 2024 02:08 PM

You may honourably get out from Sri Lanka. Over 60% of Sri Lankans have voted against your arrangement by voting NPP to power. NPP was overwhelmingly against your facility and even voted against in parliament. So please exit. We are capable of finding our own solution and provide relief to people. People are sick and tired of your austerity measures

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Roger Sunday, 17 November 2024 02:57 PM

Then's what's the alternative. Country is in Default when they withdraw loan facility

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Fernando Monday, 18 November 2024 07:12 AM

Let us hear your alternative solution.

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Sunglasses k Monday, 18 November 2024 07:20 AM

Unless YOU Are willing to fund the country, why don't you get real. Stop blabbering silly nonsense amd exposing your stupidity.

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Cheers Sunday, 17 November 2024 02:30 PM

Please stop all IMF loans to this new government as the president elect and the members which was selected rallied against IMF loans saying people are paying all the interest and the these rogue politicians will make sri lanka bankcrupt so please test them with the talk they walked

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Patcitz Sunday, 17 November 2024 10:28 PM

Please, keep away from SL issue, let the AKD regime run peacefully without the IMF (US) PLOT.

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Optimist Monday, 18 November 2024 07:30 AM

Anxious to see what would be the comments of int. Rating agencies specifically on political stability and their Rating upgrades which they put on hold last time commenting the political uncertainty and instability. Higher ratings would enable SL to access to ISBS or similar financing at lower rates. If gvt can strategically boost foreign reserves by working with friendly nations and also with BRICS , the situation could be advantages to SL. Currently the healthy tourism boost reserves. Also the rain would put less demand for reserves in short run. If the gvt can win the trust of the Tamil diaspora...that would be a totally different game and I would see it as 20-20 match than a 5day test match as everyone predict by now!

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KD Monday, 18 November 2024 07:39 AM

People, IMF is only place that will help a country in default status. No other country will give money to Sri Lanka when defaulted. IMF is funded by taxpayers of other countries. They dont need us. We need them. If we withdraw from IMF, thats it within 4 months all our USD will be used up. Then again no fuel gas medicine etc. Why? Because we can only purchase these things with USD. Learn more. Ignorance will destroy you and the rest of us.

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