The International Monetary Fund would begin the next round of technical discussions with Sri Lanka from May 9 to May 23, IMF' mission chief for Sri Lanka Masahiro Nozaki has said.
Nozaki said on Friday in a statement that the IMF is committed to assisting Sri Lanka, in line with the IMF's policies.
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"Because Sri Lanka's debt is assessed as unsustainable, approval of IMF financing, including through a Rapid Financing Instrument, would require adequate assurances that debt sustainability will be restored," he said.
The two sides held the first round of discussions at the IMF headquarters last month.
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Sri Lanka hopes for a Rapid Finance Instrument (RFI) facility as well as a larger Extended Fund Facility (EFF) from the IMF to overcome its foreign currency shortage issues that had led to an economic crisis.
{{/usCountry}}Sri Lanka hopes for a Rapid Finance Instrument (RFI) facility as well as a larger Extended Fund Facility (EFF) from the IMF to overcome its foreign currency shortage issues that had led to an economic crisis.
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