Sri Lanka, April 23 -- Despite initial setbacks in discussions between the Government of Sri Lanka and the private bondholders, the IMF expressed "hope that there will be conclusions reached upon down the road".

Krishna Srinivasan, Director of the Asia and Pacific Department (APD) at the International Monetary Fund (IMF) said the four-year Extended Fund Facility (EFF) programme that Sri Lanka embarked upon with the IMF which was ambitious and much needed is now delivering progressive results.

Early signs of economic recovery by Sri Lanka have been observed by the IMF, its APD Director said during the IMF press conference on the Regional Economic Outlook for Asia and Pacific which was held in Washington DC, USA, on Thursday, April 18.

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