Private sector welcomes Govt. talks with IMF

Wednesday, 20 April 2022 00:20 - - {{hitsCtrl.values.hits}}

The private sector via the Joint Chambers, yesterday welcomed the Government’s decision to start talks with the International Monetary Fund (IMF) to get support for the recovery of the economy.

In a letter to President Gotabaya Rajapaksa, the Joint Chambers said it welcomed the commencement of negotiations with the IMF, the process of selecting legal and financial advisors to guide the debt restructuring process, and the suspension of external debt repayments as the first step in this process.

“We also hope that these actions together with bridge financing arrangements can be translated to reduce the power interruptions that continue to disrupt the daily lives of people and business activities,” the letter added.

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