IMF Chief Christine Lagarde will not make Sri Lanka visit this month

5 March 2017 10:49 am - 3 - {{hitsCtrl.values.hits}}

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Christine Lagarde, the managing director of the International Monetary Fund (IMF), will not be visiting Sri Lanka this month as she had been tentatively scheduled to, the global lender said on Sunday. “Unfortunately, due to an unforeseen change in her schedule, she will not be able to visit the country at that time.

She is looking into the possibility of visiting Sri Lanka in the near future,” IMF spokesman Gerry Rice said in a statement.

A visiting IMF mission is in Colombo to review progress of a $1.5 billion loan approved in the middle of last year. Finance Minister Ravi Karunanayake told Reuters that Lagarde’s visit would have been a courtesy call while she was en route to another country in the region. Sri Lanka has been struggling with heavy debts and balance-of-payments pressure.

The government last week approved some tough reforms to make loss-making state firms more efficient and put them on a path towards autonomy, in line with IMF conditions for the loan.(Indian Express)

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Comments - 3

Nihal Amarasekera Sunday, 05 March 2017 11:42 AM

This again indirectly proves that Ravi Karunanayake is a proven failure but still will carry on, courtesy Ranil, who will keep his undesirable favourites, come what may.

Moorkara Sunday, 05 March 2017 02:06 PM

I think she is facing trail in French courts related to financial fraud during her time in previous French regime.. I dont know whether our FM is aware of this.. via DM Android App

Shelly. Sunday, 05 March 2017 07:01 PM

Though there are laid conditions or not we have settle loans. If the projects launched on loans not yielding on or before grace period ends the officials who signed the contract should be bundled for life. via DM Android App

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IMF Chief Christine Lagarde will not make Sri Lanka visit this month

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