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Govt. working to lift import restrictions - President

The government is working to gradually lift import restrictions on essential goods, medicines, and tourism-related goods, as the foreign exchange situation in the country improves, President Ranil Wickremesinghe said.

In a special statement today (21) following the approval of the Extended Fund Facility by the Executive Board of the International Monetary Fund (IMF), President Ranil Wickremesinghe emphasized that Sri Lanka is no longer deemed bankrupt by the world.

He further stated that the loan facility serves as an assurance from the international community that Sri Lanka has the capacity to restructure its debt and resume normal transactions.

President Wickremesinghe expressed gratitude to all countries that supported the International Monetary Fund agreement, as well as the heads of the International Monetary Fund and the World Bank.

Wickremesinghe said that he plans to present a full statement on the matter in Parliament tomorrow (22),adding that the agreement with the International Monetary Fund will also be tabled in Parliament.

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