IMF is ‘monitoring situation closely’ in Sri Lanka

<p>The International Monetary Fund (IMF) stated it was “monitoring the situation closely” in Sri Lanka, political turmoil in Colombo continues.</p> <p>"The IMF is not in the political realm but clearly we take note of recent developments," IMF spokesperson Gerry Rice said.</p> <p>"We are monitoring the situation closely and we remain in contact with our counterparts at the technical level."</p> <p>Rice went on to state that, “I don't have any assessment as yet on potential program implications there in Sri Lanka".</p> <p>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.</p> <p>&nbsp;</p> <p>&nbsp;</p>