IMF disbursements soon after debt restructure | Daily News

IMF disbursements soon after debt restructure

The International Monetary Fund (IMF) disbursement will start as soon as bilateral creditors give their assurance and willingness to restructure Sri Lankan debt says Capital TRUST Research.

“From Friday onwards Sri Lanka will receive assurances from bilateral creditors of their willingness to support the debt restructuring process, a crucial step and priority for IMF fund disbursement, “CBSL Governor said.

Favorable debt restructuring discussions with bilateral creditors this Friday could result in the disbursement of IMF funds soon.

“The receipt of IMF funding will have a strong impact on fiscal consolidation efforts, while significantly boosting stock market sentiment,” Capital TRUST Research said.

 


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