IMF to analyze debt deal between Sri Lanka & China Exim Bank

International Monetary Fund (IMF) says it looks forward to analyzing the details of the recent agreement between Sri Lankan authorities and the Export-Import Bank (Exim Bank) of China on debt treatment terms.

International Monetary Fund (IMF) says it looks forward to analyzing the details of the recent agreement between Sri Lankan authorities and the Export-Import Bank (Exim Bank) of China on debt treatment terms.

Senior IMF Mission Chief for Sri Lanka, Peter Breuer told a media briefing on Friday (Oct. 20) that the global lender has taken note of the tentative agreement.

Speaking further, Mr. Breuer commended Sri Lankan authorities for publishing on time the ‘Governance Diagnostic Report’. Sri Lanka is the first country in Asia that has undergone the IMF Governance Diagnostic exercise.

He said the island nation’s economy is showing ‘tentative signs of stabilization’ but growth momentum remains subdued and economic recovery is not yet assured.