The IMF intends to begin discussions with Sri Lanka on a program to support the country. Spokesman Gerry Rice said the island was facing heavy currency depreciation and inflation after an unusual battle of printing money to keep interest rates low. President Gotabaya Rajapaksa said in a national address on Wednesday that he has permitted the IMF program to go ahead after meeting senior staff of the lender in Colombo. Officials have also indicated that they are actively considering an IMF-backed program," said IMF spokesman Gerry Rice. During the Finance Minister's visit to Washington in April, we will discuss with officials how best we can help Sri Lanka move forward. The IMF has already called for tighter monetary policy to prevent liquidity injections ...
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