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

Relief for Students: US Visa Cancellations Paused

More than 1,500 student visas have been cancelled so far…reports Asian Lite News The United States on Friday abruptly paused the cancellation of student visas issued to international students, according to reports.

Yunus Must Be Treated Like Hasina, Warn Islamists

Islamist group made these warnings to the interim government, terming the women’s reform body proposals as “anti-Islamic…reports Asian Lite News The radical Islamist group in Bangladesh, Hefazat-e-Islam, has issued a threat, stating

UN: Bring Pahalgam Terrorists to Justice

The members of the Security Council “stressed that those responsible for these killings should be held accountable..reports Asian Lite News The Security Council has “condemned in the strongest terms” the Pahalgam terrorist

Vatican Hosts Final Rites for Pope Francis

The Argentine-born pontiff, the first from Latin America, died less than a month after returning home from a prolonged five-week hospitalisation for double pneumonia….reports Asian Lite News In an outpouring of global
Go toTop

Don't Miss

MEDIA SCAN: Air India cancels US flights and Bangladesh hailed a model country

Air India cancelled several of its flights to the US

China promises ‘some good news’ for debt-ridden Lanka

PM Gunawardena has said that Sri Lanka was looking forward