Lankapage Logo CP 22 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka receives a positive response from the IMF to expedite support
Tue, Apr 19, 2022, 12:10 pm SL Time, ColomboPage News Desk, Sri Lanka.

Apr 19, Colombo: Minister of Finance M.U.M Ali Sabry P.C, met with the Managing Director of International Monetary Fund (IMF) Kristalina Georgieva on Monday, 18th of April at IMF Headquarters in Washington DC.

The IMF has commended on the steps already taken by the Finance Minister to mitigate the financial situation in Sri Lanka, the Ministry of Finance said.

The IMF has assured their fullest support to Sri Lanka and a positive response has also been received to expedite the process to strengthen the support extended towards Sri Lanka.

Minister of Finance has made a request for a Rapid Financing Instrument (RFI) with the IMF and IMF has subsequently informed Minister Sabry that India had also made representations on behalf of Sri Lanka for an RFI.

It had been communicated that IMF Will consider the special request made despite it being outside of the standard circumstances for the issuance of an RFI.

The Finance Minister of India Nirmala Sitharaman and the top level Indian Economic delegation also met with the Finance Minister Ali Sabry at the IMF Headquarters - Washington DC on 18th of April.

Ms. Sitharaman has assured Minister Ali Sabry on India’s fullest support to Sri Lanka to move forward and has emphasized on India’s commitment to strengthen the development of the economy in Sri Lanka and building stronger bonds between the two Nations as they move forward together.

Finance Minister of India has also affirmed to Minister Ali Sabry that India will fully support the deliberations of Sri Lanka with the IMF especially on the special request made for expediting an Extended Fund Facility (EFF).

Further arrangements have been made to hold several more rounds of talks today (19th April 2020).

Secretary to the Treasury Mahinda Siriwardana and Governor of the Central Bank Dr. Nandalal Weerasinghe also participated at these meetings.


ColomboPage - Recent 10 Stories ::
UK exploring avenues to support Sri Lanka to overcome current economic challenges - envoy
-- [1 hour and 55 minutes ago]
Sri Lanka’s peaceful people’s protest at Galle Face marks 50th day today
-- [2 hours ago]
Educational reforms should be aimed at creating good citizens productive to economy - President
-- [2 hours ago]
Three SDIGs including Ajith Rohana transferred
-- [3 hours ago]
Dialog Axiata Ranked Sri Lanka’s Most Valuable Brand by Brand Finance for the 4th Consecutive Year
-- [3 hours ago]
India sends another consignment of humanitarian aid worth Rs. 260 million to Sri Lanka
-- [3 hours ago]
Sri Lankan envoy discusses need for bridge financing with Indian Finance Minister
-- [4 hours ago]
LP gas distribution halted until next Tuesday, Litro says
Fitch says losses from Sri Lanka’s riots manageable for insurers
Hela Apparel Holdings completes landmark year of growth and consolidation

Copyright © 2000, 2020 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.