Sri Lanka explores financial package from IMF

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Sri Lanka’s new government is exploring the possibility of obtaining financial assistance from the International Monetary Fund (IMF) to tackle debt burden and balance of payment issue which has been escalated during the previous regime, Finance Minister Ravi Karunanayake revealed. He told a media conference in Colombo on Thursday that he will leave for Washington next Tuesday for discussions with IMF officials on the government’s enhance programme focusing attention on structural adjustment and financial support for Education and Health sectors. He added that Sri Lanka needs to reduce interest costs on the country’s total debt running up to US $55 billion. Central Bank Governor – Ends -

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