Sri Lanka confident of meeting IMF conditions

Sri Lanka hopes to resolve debt restructuring issues in the second quarter and get financing from the International Monetary Fund because external creditors are all engaging positively.

State finance minister Shehan Semasinghe stated this in a Bloomberg report.

He was speaking on the sidelines of the Boao Forum in the southern Chinese province of Hainan.

He added that unlocking access to the tranche is very important to Sri Lanka.

“We are looking forward to a positive outcome” of discussions taking place in London with Sri Lanka’s bondholders,” Semasinghe said.

Semasinghe also said Chinese leader Xi Jinping pledged during a “very productive bilateral discussion” this week with Prime Minister Dinesh Gunawardena in Beijing to reinforce links between Sri Lankan authorities and the Export-Import Bank of China and the China Development Bank.