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IMF Executive Board agreement could be further delayed – President

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COLOMBO (News 1st) – President Ranil Wickremesinghe says that if the process to restructure debts with India and China is delayed, the process to reach an agreement with the IMF Executive Board could be further delayed till January.

Speaking at the 32nd Annual General meeting of the Sri Lanka Tea Factory owners, the President said that Sri Lanka must first ensure that it can get out of bankruptancy, and negotiate with creditors."I went to the Paris Club first.

Western countries and Japan are there. But we are in a special place. Only one of our three main creditors is a member of the Paris Club.

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