Investor Presentaiton
2022
Where do we Stand in the Discussions with the IMF? - Update on the Process
From the outset of the crisis, Sri Lanka called upon the IMF to provide financing to tackle the severe liquidity crisis and catalyze the
restructuring process
April
• Initial technical discussions between the
IMF team and the Authorities on the
Program (notably the reform package)
• Announcement of the interim debt policy
June/July
• Follow-up Staff Missions and
technical follow-up sessions
• Discussions on the Debt
Sustainability Analysis and
related constraints
September through November
• Securing financial assurances from official creditors
Ensuring compliance with the Lending Into Arrears
Policy
Confirming contribution from other IFIs for the
financing of the program
IMF Board Approval
• Delivery of prior actions
SLA
Board Approval
February
May
August
• Formal request letter sent
to the IMF
• IMF Virtual Staff Mission to Sri Lanka (incl. high
level meetings with SL Authorities and
Staff-Level agreement
Authorities'
Continuation of discussions with IMF Staff and technical updates objectives
technical discussions with competent bodies)
▸ Sri Lanka is currently in active negotiations of a realistic macro-economic and fiscal framework with the IMF. This should lead to a
Staff-Level Agreement in the coming weeks that will unlock the necessary financing to address the liquidity needs the country is
currently facingView entire presentation