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China Backs Sri Lanka Debt Plan, Sources Say, Paving Way for IMF Loan
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<blockquote data-quote="monson" data-source="post: 28665033" data-attributes="member: 30005"><p><h3>Sri Lanka gets fresh China assurances to wrap up IMF deal</h3><p></p><p>Tuesday March 7, 2023 9:31 am</p><p></p><p>ECONOMYNEXT – Sri Lanka has received fresh financial assurances from China on debt re-structuring on the parameters required by the International Monetary Fund, sources with knowledge of the matter said.</p><p></p><p>China earlier sent a letter to Sri Lanka saying they are giving a moratorium till the end of the year but did not mention the parameters of an IMF debt sustainability analysis.</p><p></p><p>The new letter received last week had the required parameters, official sources said.</p><p></p><p>President Ranil Wickremesinghe last week had a discussion with IMF Managing Director Kristalina Georgieva which was ‘decisive’, his office said in a statement last week.</p><p></p><p></p><p>The IMF had also lobbied China to give revised financial assurances in line with gross financing ceilings set in a debt sustainability analysis.</p><p></p><p>Sri Lanka is expected to submit a letter of intent with an updated memorandum of economic and financial policies to the IMF for Board approval, sources said.</p><hr /><h3>ජනපතිගෙන් ජාතිය අමතා විශේෂ ප්රකාශයක්</h3><p>Tuesday, 07 March 2023 - 10:43</p><p></p><p><img src="https://cdn.hirunews.lk/Data/News_Images/202303/1678165995_3557152_hirunews.jpg" alt="%E0%B6%A2%E0%B6%B1%E0%B6%B4%E0%B6%AD%E0%B7%92%E0%B6%9C%E0%B7%99%E0%B6%B1%E0%B7%8A+%E0%B6%A2%E0%B7%8F%E0%B6%AD%E0%B7%92%E0%B6%BA+%E0%B6%85%E0%B6%B8%E0%B6%AD%E0%B7%8F+%E0%B7%80%E0%B7%92%E0%B7%81%E0%B7%9A%E0%B7%82+%E0%B6%B4%E0%B7%8A%E2%80%8D%E0%B6%BB%E0%B6%9A%E0%B7%8F%E0%B7%81%E0%B6%BA%E0%B6%9A%E0%B7%8A" class="fr-fic fr-dii fr-draggable " style="" /></p><p>ආර්ථිකයේ වත්මන් තත්ත්වය සහ ජාත්යන්තර මූල්ය අරමුදලේ සාකච්ජාවල ප්රගතිය ජාතියට පැහැදිලි කිරීම සඳහා ජනාධිපති රනිල් වික්රමසිංහ විශේෂ ප්රකාශයක් නිකුත් කිරීමට නියමිත බව වාර්තා වනවා.</p><p></p><p>අද (07) පාර්ලිමේන්තුවේ දී ජනාධිපතිවරයා විසින් එම විශේෂ ප්රකාශය සිදු කිරීමට නියමිත බව යි වාර්තා වන්නේ.</p><p></p><p>ජනාධිපති මාධ්ය අංශය මේ බව නිවේදනය කළා.</p><p></p><p>- <a href="https://www.hirunews.lk/329223/%E0%B6%A2%E0%B6%B1%E0%B6%B4%E0%B6%AD%E0%B7%92%E0%B6%9C%E0%B7%99%E0%B6%B1%E0%B7%8A-%E0%B6%A2%E0%B7%8F%E0%B6%AD%E0%B7%92%E0%B6%BA-%E0%B6%85%E0%B6%B8%E0%B6%AD%E0%B7%8F-%E0%B7%80%E0%B7%92%E0%B7%81%E0%B7%9A%E0%B7%82-%E0%B6%B4%E0%B7%8A%E2%80%8D%E0%B6%BB%E0%B6%9A%E0%B7%8F%E0%B7%81%E0%B6%BA%E0%B6%9A%E0%B7%8A" target="_blank">https://www.hirunews.lk/329223/ජනපතිගෙන්-ජාතිය-අමතා-විශේෂ-ප්රකාශයක්</a></p><p>------ <span style="font-size: 10px">Post added on [DATETIME="UT"]1678167179[/DATETIME]</span></p></blockquote><p></p>
[QUOTE="monson, post: 28665033, member: 30005"] [HEADING=2]Sri Lanka gets fresh China assurances to wrap up IMF deal[/HEADING] Tuesday March 7, 2023 9:31 am ECONOMYNEXT – Sri Lanka has received fresh financial assurances from China on debt re-structuring on the parameters required by the International Monetary Fund, sources with knowledge of the matter said. China earlier sent a letter to Sri Lanka saying they are giving a moratorium till the end of the year but did not mention the parameters of an IMF debt sustainability analysis. The new letter received last week had the required parameters, official sources said. President Ranil Wickremesinghe last week had a discussion with IMF Managing Director Kristalina Georgieva which was ‘decisive’, his office said in a statement last week. The IMF had also lobbied China to give revised financial assurances in line with gross financing ceilings set in a debt sustainability analysis. Sri Lanka is expected to submit a letter of intent with an updated memorandum of economic and financial policies to the IMF for Board approval, sources said. [HR][/HR] [HEADING=2]ජනපතිගෙන් ජාතිය අමතා විශේෂ ප්රකාශයක්[/HEADING] Tuesday, 07 March 2023 - 10:43 [IMG alt="%E0%B6%A2%E0%B6%B1%E0%B6%B4%E0%B6%AD%E0%B7%92%E0%B6%9C%E0%B7%99%E0%B6%B1%E0%B7%8A+%E0%B6%A2%E0%B7%8F%E0%B6%AD%E0%B7%92%E0%B6%BA+%E0%B6%85%E0%B6%B8%E0%B6%AD%E0%B7%8F+%E0%B7%80%E0%B7%92%E0%B7%81%E0%B7%9A%E0%B7%82+%E0%B6%B4%E0%B7%8A%E2%80%8D%E0%B6%BB%E0%B6%9A%E0%B7%8F%E0%B7%81%E0%B6%BA%E0%B6%9A%E0%B7%8A"]https://cdn.hirunews.lk/Data/News_Images/202303/1678165995_3557152_hirunews.jpg[/IMG] ආර්ථිකයේ වත්මන් තත්ත්වය සහ ජාත්යන්තර මූල්ය අරමුදලේ සාකච්ජාවල ප්රගතිය ජාතියට පැහැදිලි කිරීම සඳහා ජනාධිපති රනිල් වික්රමසිංහ විශේෂ ප්රකාශයක් නිකුත් කිරීමට නියමිත බව වාර්තා වනවා. අද (07) පාර්ලිමේන්තුවේ දී ජනාධිපතිවරයා විසින් එම විශේෂ ප්රකාශය සිදු කිරීමට නියමිත බව යි වාර්තා වන්නේ. ජනාධිපති මාධ්ය අංශය මේ බව නිවේදනය කළා. - [URL]https://www.hirunews.lk/329223/%E0%B6%A2%E0%B6%B1%E0%B6%B4%E0%B6%AD%E0%B7%92%E0%B6%9C%E0%B7%99%E0%B6%B1%E0%B7%8A-%E0%B6%A2%E0%B7%8F%E0%B6%AD%E0%B7%92%E0%B6%BA-%E0%B6%85%E0%B6%B8%E0%B6%AD%E0%B7%8F-%E0%B7%80%E0%B7%92%E0%B7%81%E0%B7%9A%E0%B7%82-%E0%B6%B4%E0%B7%8A%E2%80%8D%E0%B6%BB%E0%B6%9A%E0%B7%8F%E0%B7%81%E0%B6%BA%E0%B6%9A%E0%B7%8A[/URL] ------ [SIZE=2]Post added on [DATETIME="UT"]1678167179[/DATETIME][/SIZE] [/QUOTE]
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