COLOMBO/WASHINGTON: The US has expressed assist for Sri Lanka’s safety and sovereignty and its ongoing efforts to finish the fiscal, financial, and governance parts of its IMF bailout programme. This was conveyed by US nationwide safety advisor Jake Sullivan throughout a phone dialog with Sri Lanka’s Nationwide Safety Advisor Sagala Ratnayake on Wednesday, the White Home mentioned in a quick assertion on Friday. “Their discussion has covered areas of bilateral engagement, including US support to Sri Lanka’s security and sovereignty,” the assertion mentioned. Sullivan and Ratnayake additionally mentioned Sri Lanka’s ongoing efforts to finish the fiscal, financial, and governance parts of its Worldwide Financial Fund (IMF) programme, and future alternatives for cooperation, the discharge mentioned. The IMF on March 21 mentioned it has reached a staff-level settlement with Sri Lanka for the subsequent section that might allow it entry to USD 337 million from the almost USD 3 billion bailout authorized in 2023 for the cash-strapped nation. Two tranches of USD 330 million every had been launched in March and December 2023. The worldwide lender additionally praised Colombo because it mentioned macroeconomic coverage reforms are beginning to bear fruit.
#nationwide #safety #advisor #speaks #Sri #Lankan #counterpart
For more information, check out these articles:
For more resources, check out the following links:
