INSUBCONTINENT EXCLUSIVE:
US Under-Secretary for Political Affairs, Victoria Nuland, has stated that the United States would also like to see an agreement by the
International Monetary Fund (IMF) for Sri Lanka as quickly as possible. Speaking on the matter, however, the visiting US official noted
that China’s offer pertaining to their financial assurances thus far remain insufficient, adding that the IMF needs to see credible and
specific assurance that matches their standard on debt restructuring prior to moving forward with an agreement. Sri Lanka is currently
awaiting board approval from the IMF pertaining to the Extended Fund Facility (EFF) of USD 2.9 billion.
