Finance Minister Sabry holds talks with IMF MD

Tuesday, 19 April 2022 10:35 - - {{hitsCtrl.values.hits}}

Finance Minister Ali Sabry P.C, yesterday met with the International Monetary Fund (IMF) Mamagimg Director Kristalina Georgieva in Washington DC.

He said that the IMF has commended on the steps already taken by Sri Lanka to mitigate the financial situation in the country.

"The IMF has assured their fullest support to Sri Lanka and a positive response has also been received to expedite the process to strengthen the support extended towards Sri Lanka.," Finance Ministry said in a statement today.

Minister Sabry at yesterday's meeting made a request for a Rapid Financing Instrument (RFI) with the IMF and IMF has subsequently informed Minister Sabry that India had also made representations on behalf of Sri Lanka for an RFI. It had been communicated that IMF Will consider the special request made despite it being outside of the standard circumstances for the issuance of an RFI, Finance Ministry said.