President Ranil Wickremesinghe who officially announced the IMF decision to grant the second tranche under the extended fund facility in Parliament today, stressed that Sri Lanka still has a difficult journey ahead.

“We have travelled through a suspension bridge and we have no choice but to continue our journey through this bridge,” he said, stressing that Sri Lanka has no choice but to work with the IMF.

“We have managed to strike a deal with most of our debtors for restructuring of debts. However, we are faced with the task of securing a deal with our private debtors who are mainly bond holders,” he added,  

“However, Sri Lanka is set to take off its label as a bankrupt nation with the securing of the second tranche. We will now focus on securing the foreign aid that was suspended after we declared bankruptcy, President Wickremesinghe added.

-daily mirror