Sri Lanka's Debt Dilemma: Finance Ministry Warns Against Revisiting DSA
Sri Lanka's Finance Ministry cautioned that revisiting the country's Debt Sustainability Assessment (DSA) could derail the ongoing IMF bailout programme. The Ministry emphasized that disagreement on the IMF's terms would lead to significant delays in financial agreements. The warning aligns with President Ranil Wickremesinghe’s support for the current programme to ensure recovery.
- Country:
- Sri Lanka
Sri Lanka's Finance Ministry has issued a warning that any move to revisit the country's Debt Sustainability Assessment (DSA) could derail the ongoing IMF bailout programme.
The Ministry stated that while countries can disagree with the IMF's DSA outcomes, any standoff would lead to delays in financial agreements, potentially for months or years.
This caution aligns with President Ranil Wickremesinghe's stance that the current IMF programme requirements are crucial for Sri Lanka's complete recovery.
(With inputs from agencies.)
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