Sri Lanka Govt., IMF talks to start

Jan 14, 2019 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera led delegation arrived in Washington, Sunday for talks with the International Monetary Fund (IMF).

In a twitter message the Finance Minister said that he plans to put the US 1.5 billion dollar Extended Fund Facility (EFF) program back on track.

“Arrived in DC with @MangalaLK in the first real snowfall this winter for meetings with @IMFNews. Meeting MD @Lagarde and others with Governor @CBSL, Secretary Treasury and officials. Plan to discuss #SriLanka EFF after 52-day imposters derailed it, earned three downgrades, shot up yields and lost $ 1 b reserves,” he tweeted.

The Finance Minister’s delegation to the IMF includes Governor Central Bank Dr. Indrajit Coomaraswarmy, Non-Cabinet Minister Dr. Harsha de Silva and Treasury Secretary Dr. R. H. S. Samaratunga.

The team will meet IMF Managing Director, Christine Lagarde, Deputy Managing Director, Mitsuhiro Furusawa, Director, Asia Pacific Department, Chanyong Rhee, Team Leader Manuel Goretti and other members of the IMF Sri Lanka Team.