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Sri Lanka promises to make payment clearance as soon as feasible (opens original article in a new tab)

TL;DR

Sri Lanka faces IMF scrutiny after a cyber theft disrupted debt payments, prompting requests for waivers and corrective measures.

  • Sri Lanka's Public Debt Management Office suffered a $2.5 million cyber theft, affecting its IMF programme.
  • IMF requested a waiver for missing a debt payment to Australia, citing minor breach and corrective actions.
  • The PDMO must clear arrears promptly, implement SOPs by June, and launch a debt management system by August.

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