The International Monetary Fund said on Saturday that its staff conducted “fruitful technical conversations” with Sri Lankan officials this week over the island nation’s request for an IMF-backed loan package.
According to the Fund, the discussions focused on the need for Sri Lanka to develop a “credible and cohesive plan” to restore macroeconomic stability, enhance its social safety net, and protect the poor and vulnerable throughout the present crisis.
“The IMF team welcomed the authorities’ plan to engage in a collaborative dialogue with their creditors,” IMF Sri Lanka mission Chief Masahiro Nozaki said in a statement.
For the latest International News Follow BOL News on Google News. Read more on Latest International News on oldsite.bolnews.com
Read More News On
Catch all the International News, Breaking News Event and Latest News Updates on The BOL News
Download The BOL News App to get the Daily News Update & Follow us on Google News.