Sri Lanka says positive news coming from IMF
Sri Lanka is on the verge of getting 'very positive news' from the International Monetary Fund (IMF) on a 2.9 billion dollar programme, a government minister said on Tuesday.
President Ranil Wickremesinghe's office said he would deliver a special statement in parliament on Tuesday to 'explain to the nation the present state of the economy and progress on IMF negotiations.
The island nation of 22 million is struggling with its worst economic crisis in more than seven decades.
Meanwhile, A senior Sri Lankan government official said the Export-Import Bank of China had written to the IMF supporting Sri Lanka's debt restructuring programme, which is critical to securing final approval for the loan.
'It is our expectation that the IMF will consider all the prior actions by Sri Lanka and these financing assurances favourably and approve the programme soon,' said the source, declining to be named as they were not authorised to talk to the media.
Chinese Foreign Minister Qin Gang said on Tuesday that the country would continue to participate in the settlement of international debt problems in a constructive manner.
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