The President’s Media Division says discussions with the International Monetary Fund with the aim of obtaining support in order to alleviate the economic crisis in the country and establish positive economic practices have gained progress.
The PMD issuing a statement said in order to achieve progress with the IMF, a formal plan on debt sustainability must be presented.
The Media Division said progress of negotiations has stalled due to the recent political instability and the former government’s political hard-line that they will not work with the IMF.
The PMD added a government has been formed under President Ranil Wickremesinghe with complete political stability while discussions are underway to form an all-party government.
Accordingly, the PMD said it is the government’s stance that negotiations with the International Monetary Fund can be successfully completed while initial steps required can be taken to create financial stability.