Assessment of agreed terms of debt restructuring still underway

Sri Lanka is optimistic about the long debt restructuring process closing by July. However, the International Monetary Fund (IMF) said it is still assessing the terms agreed with the relevant parties.

“Our team is in the process of assessing the agreed terms of the debt restructuring and whether they’re consistent with the parameters of our programme.

So, once that assessment is complete, we’ll be able to communicate our views on that,” said IMF Communications Director Julie Kozack addressing a press conference in Washington this week.