COLOMBO (News 1st) – Sri Lanka's Central Bank Governor Dr. Nandalal Weerasinghe is hopeful that assurances from creditors can be obtained within the 1st quarter of the year.Speaking at the Monetary Policy Review No.
01 of 2023, the governor said that he is hopeful that the International Monetary Fund would be able to receive necessary financing assurances from all the creditors in a very short period."India has clearly given the financial assurances which are acceptable to the International Monetary Fund.
First, we need to thank the Indian authorities for issuing that letter. Secondly, the other bilateral creditors in the Paris Club, and China and some other small bilateral creditors are in the process of issuing financial assurances.
There have been significant communications that have been happening between the IMF, and between the Paris Club and non-Paris Club members, and the Ministry of Finance.