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Sri Lanka seeks IMF support for economic instability

Sri Lanka’s prime minister told parliament on Monday that he was seeking a “stand-by-facility” from the International Monetary Fund (IMF) to support Sri Lanka in times of economic instability caused by terrorist attacks by Islamic State militants.

Ranil Wickremesinghe said that Sir Lanka’s Finance Minister had been instructed to negotiate an agreement with the IMF to support Sri Lanka during times of economic instability arising from terrorism.

See more here.

IMF and World Bank will give Sri Lanka unconditional support says Finance Minister (11 Nov 2015)

IMF says Sri Lanka is likely to miss fiscal deficit target (19 Sep 2015)

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