Sri Lanka finance minister to Washington to get IMF facility back

ECONOMYNEXT – Sri Lanka’s Minister of Finance and Mass Media Mangala Samaraweera will leave for Washington on Friday, January 11 for talks on getting the IMF External Fund Facility (EFF) back on track.

Samaraweera is expected to signal the government’s intention to continue with IMF reform program, a finance ministry statement said.

He will be meeting Christine Lagarde, IMF Managing Director, Mitsuhiro Furusawa, Deputy Managing Director, Chanyong Rhee, Director, Asia Pacific Department, Manuel Goretti, Team Leader and other members of the IMF Sri Lanka Team.

“A key objective will be to negotiate the trajectory of continued fiscal consolidation while accommodating policies to support growth and strengthen the social safety net,” the statement said.

Sri Lanka had just completed talks with the IMF on getting the next tranche of its loan in October 2018 when a political crisis triggered by President Maithripala Sirisena sacking Prime Minister Ranil Wickremssinghe interrupted the process.

Samaraweer’s delegation to the IMF will include the Governor of the Central Bank, Secretary to the Treasury and other key officials of the Central Bank and the Treasury. 
Colombo/January 09/2019)

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