US Ambassador Julie Chung met with Governor Dr. Nandalal Weerasinghe where she also extended congratulations on the IMF’s staff-level agreement, marking progress in Sri Lanka’s effort to secure the second IMF installment.
The US Ambassador to Sri Lanka has reinforced the need for fairness in Sri Lanka's debt restructuring, in her meeting with Dr. Nandalal Weerasinghe.
Reinforcing the need for fairness in Sri Lanka's debt restructuring, the Ambassador stressed the fact that equal & equitable treatment for all creditors is essential, while adding that transparency from every party involved is crucial.
The US remains committed to an economic landscape that values fairness, transparency, integrity, and inclusivity, ensuring stability & growth in Sri Lanka, she posted on X.
Sri Lanka will have access to SDR 254 million (about US$330 million) in financing once the review is approved by IMF management and the IMF Executive Board.
Completion of the review by the IMF’s Executive Board requires: (i) the implementation by the authorities of all prior actions; and (ii) the completion of financing assurances reviews.
