The International Monetary Fund says it will assess the entire package of agreements Sri Lanka has reached with its creditors in its totality to evaluate the consistency with IMF debt targets.
Senior mission chief for Sri Lanka at the IMF Peter Breuer confirmed that discussions between Sri Lanka and all its creditors are ongoing.
Commenting on the recent announcement by China pertaining to a preliminary agreement between Sri Lanka and the Export-Import Bank of China, mission chief Peter Breuer said the IMF has not been informed about any specific agreements.
Peter Breuer told Reuters on the sidelines of the World Bank-IMF annual meetings in Morocco, “We will need to assess the entire package of agreements in its totality to assess consistency with IMF debt targets.”
China’s Foreign Ministry said on Tuesday that the Export-Import Bank of China reached a preliminary deal on the disposal of China-related debts, but did not share further details.
Sri Lanka owed EXIM USD 4.1 billion, or 11 per cent of the country’s foreign currency debt, as of the end of 2022.
