IMF Applauds Reform Efforts, Pledges Further Assistance

COLOMBO (News 1st); The International Monetary Fund and Sri Lanka have agreed on the importance of continuing to safeguard and build on the hard-won gains that have helped put Sri Lanka on a path to economic recovery since entering one of its worst economic crises in 2022.

Krishna Srinivasan, Director for the Asia Pacific Department in a statement said that the IMF is encouraged by the authorities’ commitment to continue the reform efforts.

He said that the IMF remains a steadfast partner in supporting Sri Lanka and its people and stands ready to assist the country achieve its economic reform goals.

"The IMF team will continue its close engagement with Sri Lanka’s economic team to set a date for the third review of the IMF-supported program,” added the IMF director. 

An International Monetary Fund (IMF) team led by Krishna Srinivasan, Director for the Asia Pacific Department, visited Colombo October 2-4, 2024.

During the visit, Srinivasan met with President Anura Kumara Dissanayake, Prime Minister Harini Amarasuriya, Minister Vijitha Herath, Central Bank Governor Nandalal Weerasinghe, Secretary to the Treasury Mahinda Siriwardena, and other stakeholders.

“We held productive discussions with President Dissanayake and Sri Lanka’s economic team on the economic and financial challenges facing the Sri Lankan economy," said Krishna Srinivasan.