City
Epaper

Sri Lankan President reaffirms commitment to IMF program

By IANS | Updated: October 4, 2024 12:15 IST

Colombo, Oct 4 Sri Lankan President Anura Kumara Dissanayake reaffirmed his government's broad agreement in principle with the ...

Open in App

Colombo, Oct 4 Sri Lankan President Anura Kumara Dissanayake reaffirmed his government's broad agreement in principle with the objectives of an International Monetary Fund (IMF) program during a meeting with IMF officials.

However, the president stressed the need to achieve these goals through alternative methods that would ease the burden on the people, the President's Media Division (PMD) said in a statement on Thursday.

The meeting focused on the progress of Sri Lanka's ongoing IMF program, the PMD said, Xinhua news agency reported.

The IMF delegation appreciated Dissanayake's commitment to the program's objectives and expressed openness to discussing the alternative strategies proposed by the Sri Lankan government, according to the PMD.

In March 2023, the IMF approved a 48-month Extended Fund Facility of approximately 3 billion US dollars to support Sri Lanka's economic reform and recovery efforts.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalForeign Minister Sa'ar dismisses ICJ hearing on Israel as 'ridiculous'

InternationalPrime Minister Netanyahu meets with a delegation of ambassadors to the UN

InternationalIndian diaspora in France condemns Pahalgam terror attack, warns Pakistan

InternationalNetanyahu says elimination of Hezbollah leader 'smashed Iranian axis'

InternationalUkraine's frontline situation remains difficult, Zelenskyy calls for "more tangible pressure on Russia"

International Realted Stories

InternationalThousands of Pakistani pilgrims to miss out on Hajj 2025 due to limited quota

InternationalUkraine offers condolences to Canada after "heartbreaking" Vancouver festival tragedy

InternationalCanada goes to polls on April 28

InternationalOman, UAE boost bilateral trade, investment ties at Advantage Oman Forum

InternationalDubai Municipality to highlight its pioneering tourism projects at Arabian Travel Market 2025