Ranil Wickremesinghe

@RW_UNP ↗

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Last Checked April 3, 2023

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Tue Mar 07 18:02:03 +0000 2023

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Ranil Wickremesinghe @RW_UNP

I spoke with IMF MD Kristalina Georgieva & US Sec of the Treasury Janet Yellen. Letter of assurance from Exim Bank of China was received. I, together with the Governor of CB, signed the agreement & sent it to IMF—a response is expected this month, followed by funds from WB & ADB. — PolitiTweet.org

Posted March 7, 2023

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Ranil Wickremesinghe @RW_UNP

I’ve been heading discussions with IMF since mid-22 concerning SL’s BoP, fiscal & foreign exchange crisis. We negotiated a staff-level agreement with IMF by September 22, & worked with India, China & The Paris Club to obtain their assurances last January. — PolitiTweet.org

Posted March 7, 2023

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Ranil Wickremesinghe @RW_UNP

Any violation of the agreement with IMF could result in SL's collaboration with all financial institutions being discontinued. Annual payments of approximately Rs.6-7b of loans are due until 2029; thus, SL needs IMF to lead agreed debt sustainability discussions with creditors. — PolitiTweet.org

Posted March 7, 2023