CBSL governor says a staff-level agreement with the IMF is likely
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CBSL governor says a staff-level agreement with the IMF is likely

CBSL governor says a staff-level agreement with the IMF is likely

While external debt restructuring remains a top priority for the Sri Lankan government, domestic debt in the form of government securities and Sri Lanka Development Bonds will not be restructured, Central Bank Governor Dr. Nandalal Weerasinghe announced Thursday (April 28).


Noting that encouraging progress had been made towards establishing a macro-fiscal policy framework and initiating structural reforms, he expressed confidence that a staff-level agreement with the IMF is likely to be reached within the next two months.


Dr. Weerasinghe also announced that additional measures will be implemented in order to address urgent economic concerns. As a result of policy measures already introduced by the Central Bank of Sri Lanka (CBSL) and the government, he is of the view that expenditure on imports will be declining further to more sustainable levels.

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