Sagala holds talks with IMF on fast tracking debt restricting

• Another crucial discussion with Sri Lanka’s creditors slated for 3 Nov.

President’s Chief of Staff and Senior Advisor on National Security Sagala Ratnayake yesterday met with resident officials of the International Monetary Fund (IMF) on fast tracking debt restructuring. 

Discussions took place when the outgoing IMF Resident Representative for Sri Lanka Tubagus Feridhanusetyawan and the incoming IMF Resident Representative for Sri Lanka Sarwat Jahan called on Ratnayake yesterday at the Presidential Secretariat.

They exchanged views on prior action and debt restructuring. 

Ratnayake assured the IMF team that he would brief President Ranil Wickremesinghe on the matters that were discussed at this meeting and convey his response to them. 

Another crucial discussion with Sri Lanka’s creditors is scheduled to be held on 3 November.

Debt restructuring in Sri Lanka is on the agenda to be discussed at length during this discussion. 

President’s Senior Adviser on Economic Affairs R.H.S. Samaratunga also joined the discussion.