Sri Lanka govt in informal consultation with IMF: CB Governor

Dec 31, 2015 (LBO) – Sri Lanka’s Central Bank Governor Arjuna Mahendran said that they are examining the possibilities of an International Monetary Fund (IMF) loan facility next year.

“Yes we are examining the possibilities and the government are in informal consultation with the IMF,” Mahendran said. “A team is due here for regular discussions in February 2016.”

However, he added that at the moment the islands reserves sufficient.

“Our reserves are quite comfortable and we have four and a half months of imports and the country is in no dire need of emergency funding.”

The Governor made these comments at a press conference held at the Central Bank, Thursday.