INSUBCONTINENT EXCLUSIVE:
A delegation of the International Monetary Fund (IMF) is scheduled to visit Sri Lanka next week.According to reports, the purpose of the
meeting is to discuss the current economic crisis in the country.During the visit, the IMF representatives are expected to hold discussions
with Finance Minister Basil Rajapaksa, President Gotabaya Rajapaksa and other senior officials of the government.On March 11, Reuters news
agency, quoting sources, reported that Sri Lanka is expected to begin discussions with the IMF on a plan to help the country, including
assistance with debt restructuring and managing its foreign exchange shortage.It also said Finance Minister Basil Rajapaksa would travel to
media reports, stressing that the scheduled meetings are not for the purpose of debt restructuring.In the meantime, the finance minister is
expected to visit India next week for a final discussion on securing a USD 1 billion credit facility for Sri Lanka.In a statement, the
Indian High Commission in Colombo said India keenly looks forward to welcoming the Sri Lankan minister next week and that his visit would
consolidate ongoing efforts to further strengthen the economic partnership between India and Sri Lanka.
This article first appeared/also appeared in https://adaderana.lk
