Talks with IMF on monetary help profitable: Sri Lankan PM

Sri Lankan Prime Minister Ranil Wickremesinghe says latest discussions with the Worldwide Financial Fund (IMF)

Sri Lankan Prime Minister Ranil Wickremesinghe says latest discussions with the Worldwide Financial Fund (IMF) on searching for financial help for the nation have been profitable.

“Optimistic and productive discussions have been held on supportive financial insurance policies and reforms,” Mr Wickremesinghe stated.

Nonetheless, the prime minister stated Sri Lanka must submit a debt restructuring plan to the IMF for approval.

He added that Sri Lanka’s ongoing financial disaster was one thing that might not be solved inside a brief interval.

Mr Wickremesinghe stated Sri Lanka would face difficulties in 2023, and that the federal government’s rapid plan was to manage inflation, anticipated to rise to 60 per cent by 12 months finish.

Sri Lanka had sought help from the IMF and pleasant nations amid a worsening monetary disaster that had brought about a scarcity in gas, medicines, meals, gasoline and different necessities.

(Xinhua/NAN)

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