IMF will assist Sri Lanka $ 2.9 billion, President Sri Lanka: an important step

[Global Times Reporter Wang Total Reporter Wang together] The International Monetary Fund (IMF) issued an announcement on the 1st, saying that it has reached a preliminary agreement with the Sri Lanka government, which will provide about 48 months under the expansion fund mechanism (EFF) for about 29 months. 100 million US dollars aid.

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According to Sri Lanka's "Daily Mirror" reported on the 1st, the IMF stated in its statement that the goal of the new assistance plan for Sri Lanka was "restoring the sustainability of macroeconomic stability and debt." According to the IMF plan, the Sri Lankan government should increase income to support fiscal rectification, introduce new fuel and power pricing mechanisms, increase social expenditure, enhance the central bank's autonomy, and re -fill the country's depletion of foreign exchange reserves. IMF requires Sri Lanka to increase fiscal transparency and public fiscal management, including introducing a powerful anti -corruption legal system, and in -depth "diagnosis" of the government with the support of IMF's technical support to reduce the country's "corruption loopholes".

The statement also said: "Sri Lanka needs to obtain debt deductions from creditors and get additional financing from multilateral partners, which helps ensure the sustainability of debt and reduce the financing gap." IMF Sri Lanka's senior affairs head of Brull said: "Reaching an agreement is just the beginning of the long road for Sri Lanka. The government has begun the reform process, and it must continue firmly."

The President Wikahaminha said on the 1st on the 1st that this was an important step in Sri Lanka history. "This step not only means that the state coming out of the bankruptcy crisis and debt postponed, but also for ensuring that we no longer suffer from further setbacks in ensuring our economic and social life." Vikra Marina said At the beginning of the new economy, in this era, the country will be committed to creating a competitive export -oriented industry.

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