IMF to review Sri Lanka’s request for Rapid Credit Facility this week

Apr 17, 2020 (LBO) – The International Monetary Fund (IMF) is starting to review Sri Lanka’s request for Rapid Credit Facility this week, the international organization said.

During a press briefing held yesterday, IMF’s Director of Asia and Pacific Department, Changyong Rhee confirmed that they received a letter from Sri Lanka’s government about the Rapid Credit Facility (RCF program) of the IMF.

“We received a letter from Sri Lanka government about our Rapid Credit Facility, you know, the program, RCF program. So, we are now starting to review it,” Changyong Rhee said.

“And we are now discussing with the government whether they want to switch their previous program into our new Rapid Facilities. So, we will discuss this, this week.”