The Ministry of Finance has highlighted the significance of these discussions in securing future funding and ensuring economic stability. The final meeting, chaired by President Wickramasinghe, is expected to result in a staff-level agreement related to receiving the second tranche of $3 billion from the IMF’s Extended Fund Facility.
Earlier today, opposition groups met with the IMF delegation led by Peter Breuer, Senior Mission Chief for Sri Lanka. The meeting took place at the office of the Opposition Leader in Colombo, where they discussed at length the agreements that the government had reached with the IMF. Concerns were raised over the impact of the domestic debt restructuring program on the employee’s provident fund.
Opposition Leader Sajith Premadasa informed the IMF delegation that if his party comes into power, they would aim to review and establish a more people-friendly agreement focusing on nation-building strategies.
In addition to his meeting with the IMF representatives tomorrow, President Wickremesinghe has also scheduled a crucial Cabinet meeting this afternoon to deliberate over the details of these agreements.
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Source: Economy - investing.com
