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Sri Lankan PM says discussions with IMF to seek assistance successful

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Sri Lankan Prime Minister, Ranil Wickremesinghe on Tuesday said recent discussions with the International Monetary Fund (IMF) to seek economic assistance for the country had been successful.

“Positive and productive discussions were held on supportive economic policies and reforms,’’ Wickremesinghe said.

However, the prime minister said Sri Lanka would have to submit a debt restructuring plan to the IMF for approval.

He added that Sri Lanka’s ongoing economic crisis was something that could not be solved within a short period of time.

Wickremesinghe said Sri Lanka would face difficulties in 2023 as well and the government’s immediate plan was to control inflation, which would rise to 60 percent by the end of this year.

Sri Lanka had sought assistance from the IMF and friendly nations for economic assistance amid a worsening economic crisis that had caused a shortage in fuel, medicines, food, gas, and other essentials.

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