INSUBCONTINENT EXCLUSIVE:
The International Monetary Fund (IMF) team visiting Sri Lanka is currently holding discussions with Prime Minister Ranil Wickremesinghe.The
his office.The Secretary to the Finance Ministry and the Governor of the Central Bank of Sri Lanka and other officials had also attended the
days, the lender and the government said in brief statements.The IMF team is on a visit to the island for talks on a bailout programme as
Sri Lanka is battling its worst financial crisis since independence in 1948.The IMF team, visiting Colombo through June 30, will continue
debt restructuring talks, will yield a quick staff-level agreement and a fast track for IMF board disbursements
But that typically takes months, while Sri Lanka risks more shortages and political unrest.Bondholders expect the IMF visit to give clarity
on how much debt Sri Lanka can repay and what haircuts investors may have to take.Prime Minister Ranil Wickremesinghe said this month an IMF
programme is crucial to access bridge financing from sources such as the World Bank and Asian Development Bank.Representatives from Sri
This article first appeared/also appeared in https://adaderana.lk
