A delegation from the International Monetary Fund (IMF) will visit Sri Lanka next week to discuss assistance to address the ongoing economic crisis.

In a statement yesterday, the IMF said that a delegation will visit Sri Lanka from August 24 to 31. The aim of the visit is to make progress in the talks to reach an agreement on the funding package soon.

The IMF started official talks with Sri Lanka last June. However, the talks were halted due to mass protests demanding the resignation of then President Gotabaya Rajapaksa.

Sri Lanka’s economy is currently in a fragile state. In such a situation, the country must guarantee political stability before starting any kind of IMF loan program.

(20th August)