Technical negotiation with IMF started; RFPs to be called to appoint advisors for debt restructuring

Sri Lanka’s Central Bank has already started technical negotiations with the International Monetary Fund for an IMF program and appointing financial and legal advisors for debt restructuring will be expedited, new Central Bank Governor Nandalal Weerasinghe said.

“I want to make it very clear that I am going to exercise the powers vested with the Monetary Law Act. Central Bank should be independent without any kind of external or political influence,” Weerasinghe told reporters in Colombo.

“I have been closely monitoring the suffering of people. Delaying and denying and not telling the truth is not going to work.”

–Lanka Business Online

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