UK to support SL to secure extended financing facility with IMF

• Constructive engagement across creditors is vital to secure a prompt and comprehensive International Monetary Fund programme for SL

By Sunil Jayasiri

The U.K has reiterated that as a member of the Paris Club, it stands ready to consider the necessary Financing Assurances to secure an Extended Financing Facility with the International Monetary Fund (IMF) in a timely manner to Sri Lanka. 

“The UK is fully supportive of the proposed Coordination Platform between Sri Lanka’s Paris Club and non-Paris Club creditors, which we believe represents the most efficient way to restore debt sustainability in Sri Lanka,” Minister of State (Foreign, Commonwealth and Development Office) Anne-Marie Trevelyan informed UK Parliament on Tuesday.  

Constructive engagement across creditors is vital to secure a prompt and comprehensive International Monetary Fund programme for Sri Lanka and ensure a sustainable economic recovery, she further added in response to a question raised by another Parliamentarian.