Responding to a question at a media briefing yesterday (15), IMF Communications Department Director Julie Kozack said the program requires electricity tariffs to support cost recovery.
She explained that cost recovery plays a critical role in protecting fiscal stability. It helps prevent state-owned utility providers from recording losses that could place pressure on public finances.
Kozack said IMF staff and national authorities would discuss any future adjustments during ongoing engagements. These discussions, she added, would reflect current economic conditions and recovery needs.
“Our goal is to support the country’s recovery and help maintain macroeconomic stability,” she said.
IMF Team to Review Cyclone Impact
Meanwhile, IMF Mission Chief Evan Papageorgiou announced that an IMF staff team will visit the country from January 22 to January 28, 2026.
The team will assess the damage caused by Cyclone Ditwah. The findings will guide future discussions under the IMF-supported program.
During the visit, IMF staff will meet government officials and other stakeholders. They will review the impact on infrastructure, livelihoods, and economic stability.
Papageorgiou said the mission would explore how the IMF can best support recovery efforts. This includes continuing the Extended Fund Facility-supported program and providing policy advice and technical assistance.
The IMF will issue further updates after the mission concludes.
Government Starts ‘Rebuilding Sri Lanka’ Drive, President Says
Last modified: January 16, 2026
