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Chamber congratulates Govt. for reaching IMF agreement

02 Sep 2022

  • Expresses confidence that deal along with debt restructuring would guide sustainable economic growth
The Ceylon Chamber of Commerce (CCC) congratulated the Government, led by the President, the Central Bank of Sri Lanka (CBSL) Governor, Secretary to the Treasury, and other key officials on reaching a staff-level agreement with the International Monetary Fund (IMF) for a four-year Extended Fund Facility (EFF) programme.  The Ceylon Chamber stated: “We hope that the next steps in gaining IMF Board approval for the EFF programme, and that disbursement of financing will be done in a timely manner.”  The CCC further said that it is confident that such steps, along with the debt restructuring process with both bilateral and commercial creditors moving forward parallelly, will guide the economy back to a sustainable growth path, strengthen dollar reserves, and reduce shortages in the economy.  Towards this, the CCC will continue to support policymakers in implementing progressive reforms as announced in the recent interim Budget, such as those related to State-owned enterprises, and the trade and financial sector, which it stated are vital for sustainable economic recovery.  


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