September 25, 2024
1 min read

IMF Ready to Back Lanka

IMF on Tuesday said that the organisation is eager to collaborate with Sri Lanka’s newly elected president….reports Asian Lite News

The International Monetary Fund (IMF) remains a steadfast partner and is ready to assist Sri Lanka achieve its development and reform goals, said a letter from IMF Managing Director Kristalina Georgieva to newly-elected Sri Lankan President Anura Kumara Dissanayake.

In the letter dated September 24, Georgieva said she is confident that the leadership of Dissanayake will help Sri Lanka secure a future of stability, prosperity, and inclusive growth, as reported by Xinhua news agency.

She said the IMF looks forward to working with the newly elected president towards building on the hard-won gains that have helped put Sri Lanka on a path to recover from its worst economic crises.

“I look forward to deepening the mutually beneficial relationship between the IMF and Sri Lanka and wish you every success in your endeavours,” Georgieva said.

This letter followed a statement from the IMF on Tuesday that the organisation is eager to collaborate with Sri Lanka’s newly elected president.

In March 2023, the IMF approved a 48-month Extended Fund Facility arrangement, amounting to approximately $3 billion to support Sri Lanka’s economic reform and recovery efforts.

ALSO READ: Four UAE soldiers killed, 9 injured on duty

Previous Story

Canada, US set up taskforce to negotiate Arctic boundary dispute

Next Story

Hindu Temple Vandalised with Hate Graffiti in US

Latest from -Top News

Jaishankar Hails Quad in US Visit

EAM Jaishankar said the meeting was “significant” as it took place a day after Donald Trump took oath as the 47th US President….reports Asian Lite News External Affairs Minister S. Jaishankar attended

Sisi, Putin Address Gaza Crisis

Sisi emphasised the recently-reached Gaza ceasefire-for-hostage release deal is the main pillar for restoring calm in the region…reports Asian Lite News Egyptian President Abdel-Fattah al-Sisi and his Russian counterpart, Vladimir Putin, discussed

Gita Gopinath: Reforms Key to India’s $10T Goal

Gopinath also observed that the world economy was growing at a steady pace of 3.3 per cent, but there were divergences among major economies….reports Asian Lite News India remains the world’s fastest-growing

Bangladesh on Trump’s Radar

During the Presidential election campaign, Trump had condemned the growing attacks on Hindus and other minorities in Bangladesh….reports Asian Lite News Several analysts in Dhaka fear that U.S. policies toward Bangladesh may
Go toTop

Don't Miss

Lanka’s Independence Day celebrations to be low-key

Wickremesinghe also announced that it has been planned to initiate

Sri Lankan President Arrives in Beijing For BRI Forum

Sri Lanka’s total external debt exceeds USD 50 billion, with