May 11, Colombo: The International Monetary Fund (IMF) will hold the next round of technical discussions with Sri Lanka from May 9-23.
IMF’s mission chief for Sri Lanka, Masahiro Nozaki said discussions at technical level have started and will continue as planned to be prepared for policy discussions once a new government is formed. He said the Fund is committed to assisting Sri Lanka, in line with its policies.
IMF is following developments in Sri Lanka and are concerned about rising social tensions.
"Because Sri Lanka’s debt is assessed as unsustainable, approval of IMF financing, including through a Rapid Financing Instrument, would require adequate assurances that debt sustainability will be restored," he said.
The two sides held the first round of discussions at the IMF headquarters last month.