Foreign
SRI Lankan President Ranil Wickremesinghe on Wednesday said he was hopeful that Sri Lanka would receive the International Monetary Fund (IMF) Board approval for a $2.9 billion bailout package by March.
Addressing an event organised by a private university in Colombo, the president said that Sri Lankan economy was stabilising and would be able to start debt restructuring process soon.
Wickremesinghe added that the country needed to have political stability to carry out the debt restructuring process.
He said that Sri Lanka reached a preliminary agreement with the IMF to receive an extended fund facility programme in 2022.
Sri Lanka suspended external debt repayment in April 2022 and entered negotiations with the IMF for a bailout package. (Xinhua/NAN)
A.I
Tags: International Monetary Fund President Ranil Wickremesinghe
