Senior IMF Mission Chief for Sri Lanka, Peter Breuer, said today that the International Monetary Fund (IMF) looks forward to analysing the details of the recent agreement between Sri Lankan authorities and the Export-Import Bank (Exim Bank) of China on debt treatment terms.

Speaking at a media conference today, Breuer said that the IMF has taken note of the tentative agreement.

The Finance Ministry revealed that Sri Lanka has reached “an agreement on the key principles and indicative terms of debt treatment” with the China Exim Bank. A government press release read that the agreement in principle covers approximately USD 4.2 billion of outstanding debt.