An International Monetary Fund mission visit to Sri Lanka is unlikely to lead to an immediate staff-level agreement to keep a $3 billion bailout on track and unlock more funds from the program, according to a person familiar with the matter.
Sri Lanka will now have to hold more discussions with the multilateral lender to ensure it can meet targets, said the person who asked not to be identified as the matter is not public. The talks could be held in Morocco on the sidelines of the annual IMF meetings next month, or in Washington shortly after, the person added.
Officials from Sri Lanka’s central bank and the government didn’t respond to a request for comment. IMF’s Colombo officials weren’t immediately available for a comment. Sri Lanka has exceeded IMF performance targets on inflation, foreign reserves and the primary deficit, although an indicative target on revenues fell short, according to earlier statements made by government officials.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thousands of Armenians flee Nagorno-Karabakh as Turkish president is set to visit AzerbaijanThousands of Armenians streamed out of Nagorno-Karabakh after the Azerbaijani military reclaimed full control of the breakaway region while Turkish President Recep Tayyip Erdogan was set to visit Azerbaijan Monday in a show of support to its ally.
Read more »
Exclusive-Russia's top oil and gas chiefs to accompany Putin on China visitThe heads of Russian energy giants Gazprom and Rosneft, Alexei Miller and Igor Sechin, will join President Vladimir Putin's retinue during his visit to China next month, sources familiar with the plans told Reuters. Putin is scheduled to meet China's President Xi Jinping for talks in Beijing and will attend the third Belt and Road Forum following an invitation from Xi during a high-profile visit to Moscow in March.
Read more »
Exclusive-Russia's top oil and gas chiefs to accompany Putin on China visitBy Vladimir Soldatkin and Olesya Astakhova MOSCOW (Reuters) - The heads of Russian energy giants Gazprom and Rosneft, Alexei Miller and Igor Sechin, ...
Read more »
Saudi Arabia’s First Ever Palestinian Envoy to Visit West BankSaudi Arabia’s ambassador to the Palestinians is due to make his first trip to the West Bank this week, as diplomatic efforts intensify to broker a deal between Israel and one of the foremost Arab and Islamic powers.
Read more »
Routine bank visit devolved into 'dehumanization,' says Black customerBarratou Barry expected her trip to her local RBC branch last month would be uneventful. Instead, it turned into what she describes as a drawn-out, dehumanizing incident of racial discrimination.
Read more »
31 Pictures Of Beautiful Swiss Landscapes That I Captured While Traveling There In AutumnExplore the most beautiful landscapes of Switzerland that I photographed during my visit in Autumn.
Read more »