The United States Senate Foreign Relations Committee has said that any IMF agreement with Sri Lanka must be contingent on independence of the Central Bank, strong anti-corruption measures & promotion of the rule of law.
Tweeting earlier today, the official account of the U.S Senate Foreign Relations Committee said that without these critical reforms, Sri Lanka could suffer further economic mismanagement & uncontrollable debt.
The International Monetary Fund (IMF) concluded its mission to Sri Lanka on 30th June and issued a statement reaffirming its commitment to support Sri Lanka at this difficult time in line with the IMF’s policies.
In its mission conclusion, it said that Significant progress was made, and discussions will continue virtually towards reaching a staff-level agreement on the EFF arrangement in the near term.
courtesy newswire
