SL delegation heads to U.S. to seek USD 4 bn bailout from IMF

Minister of Finance, Ali Sabry and a delegation left the island yesterday for discussions with the International Monetary Fund in order to receive its financial assistance and thereby rebuild confidence about Sri Lanka among the global investor community.

The delegation which left for Washington, D.C. included Governor of the Central Bank Dr. Nandalal Weerasinghe, Secretary to the Ministry of Finance K.M.M. Siriwardena and a senior delegation from the Ministry of Finance and the Central Bank.

Finance Minister Sabry recently stated to foreign media that talks with the International Monetary Fund (IMF) would begin on Monday (18) seeking a bailout of USD $ 4 billion.

A senior spokesperson for the Ministry of Finance stated that the first round of talks with the International Monetary Fund is scheduled to take place until April 24th.

He said that technical level discussions with representatives of the International Monetary Fund were already underway.

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