IMF Says Initial Loan Talks With Sri Lanka Were ‘Fruitful’

The International Monetary Fund engaged in “fruitful” initial technical discussions with Sri Lanka about the nation’s request for a loan, and welcomed the nation’s decision to talk with its creditors, the institution said.

“The IMF team will support Sri Lanka’s efforts to overcome the current economic crisis by working closely with the authorities on their economic program, and by engaging with all other stakeholders in support of a timely resolution of the crisis,” IMF Sri Lanka mission chief Masahiro Nozaki, said in a statement.