India commits to assist Sri Lanka on debt in potential IMF program

Jan 23 (Reuters) – India has dedicated to assist ease the debt burden of its crisis-stricken neighbor Sri Lanka as a part of a doable Worldwide Financial Fund-supported program, the IMF mentioned on Monday.

“Sri Lanka is engaged with different official bilateral collectors to acquire related assurances,” an IMF spokesperson mentioned in an announcement.

“As quickly as ample assurances are obtained and remaining necessities are met, together with by the Sri Lankan authorities, a Fund-supported program for Sri Lanka could be offered to the IMF’s Government Board for approval that might unlock a lot wanted financing.” (Reporting by Andrea Shalal and Ismail Shakil; writing by Costas Pitas; enhancing by Tim Ahmann)