Central Bank Governor to leave for Washington DC

The representatives of the Sri Lankan Government are scheduled to visit Washington DC once again on October 6 to discuss the proposed loan facility with the heads of the International Monetary Fund (IMF).

The IMF staff and the Sri Lankan authorities already reached a staff-level agreement to support Sri Lanka’s economic policies with a 48-month arrangement under the Extended Fund Facility (EFF) of about USD 2.9 billion.

Steps will be taken to release this amount to Sri Lanka in eight installments.

Central Bank Governor Dr. Nandalal Weerasinghe and a group of representatives are scheduled to participate in the talks that will begin on the 6th in Washington DC.

They will join the discussion with details of the agreements and progress of the restructuring programme regarding the foreign debt payments that the Sri Lankan Government suspended since April 12 this year.

It was also reported that the Finance Ministry has already prepared plans to make a presentation of the progress and critical facts of the debt restructuring programme on September 23.

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