Krishna Srinivasan, Director of the International Monetary Fund's Asia and Pacific Department, highlighted positive advancements in discussions with official creditors, expressing encouragement over the developments in this realm.

Regarding negotiations with private creditors, Srinivasan noted ongoing discussions while emphasizing the IMF's non-involvement in these talks.

He reiterated the IMF's role as an observer, providing input to negotiating parties on macro frameworks and anticipated outcomes.

Despite acknowledging setbacks in private sector restructuring, Srinivasan remained optimistic about the ongoing dialogue and expressed hope for eventual resolution