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IMF is ‘monitoring situation closely’ in Sri Lanka

The International Monetary Fund (IMF) stated it was “monitoring the situation closely” in Sri Lanka, political turmoil in Colombo continues.

"The IMF is not in the political realm but clearly we take note of recent developments," IMF spokesperson Gerry Rice said.

"We are monitoring the situation closely and we remain in contact with our counterparts at the technical level."

Rice went on to state that, “I don't have any assessment as yet on potential program implications there in Sri Lanka".

The comments from the organisation come amidst a deepening crisis in Colombo as both Mahinda Rajapaksa and Ranil Wickremesinghe struggle for position of Sri Lanka’s prime minister. The fallout has had a massive impact on the island, as tourism has plummeted and international organisations have warned of sanctions and the withdrawal of trade concessions.