Sri Lanka's finance minister, Ravi Karunanayake discussed the country's development needs and financial assistance with the International Monetary Fund (IMF) and World Bank in Washington this week.
"We had a fruitful discussion about recent economic developments in Sri Lanka and the near-term outlook," a joint statement issued by Mr Karunanayake and the IMF Managing Director, Christine Lagarde on Wednesday.
"These discussions will continue in the context of the next regularly scheduled Post-Program Monitoring mission led by Todd Schneider, which will visit Sri Lanka from February 23 through March 4. IMF Asia and Pacific Department Director Changyong Rhee will also join the mission to meet with senior officials."
“The Post-Program Monitoring mission is expected to be followed by IMF technical assistance missions focused on tax policy and administration, public financial management, and financial sector supervision."
"Management level dialogue will continue on the occasion of the Spring Meetings of the IMF and the World Bank in April."
Earlier this month, Mr Karunanayake told reporters that Sri Lanka was seeking a $4 billion dollar loan from the IMF.
“There is a lot of international goodwill and we can get finance from the IMF and World Bank at 0.5 percent," he told reporters.
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