Paris Club Creditors provide financing assurances to support the IMF approval of an EFF for SL
| Published date | 07 February 2023 |
| Publication title | Daily Mirror |
Paris Club members held a meeting on January 25, 2023, in the presence of representatives from Hungary, Saudi Arabia, the Kuwait Fund for Arab Economic Development and India, as well as from the International Monetary Fund and the World Bank, to provide financing assurances to support the approval by the IMF Executive Board of the envisaged IMF program for Sri Lanka, which would allow restoring the country macroeconomic stability.
They examined the macroeconomic and financial situation of Sri Lanka, including its long-term debt sustainability, and the need for a debt treatment by all bilateral creditorsto both fill the financing gap and to ensure Sri Lanka's debt sustainability in line with the proposed Extended Fund Facility.
We acknowledge that Sri Lanka authorities had the opportunity to present their economic and financial situation to its...
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