A delegation from the International Monetary Fund (IMF) will soon arrive in Sri Lanka to conduct the third review of the country’s Extended Fund Facility (EFF) program, as announced by Krishna Srinivasan, Director of the IMF’s Asia and Pacific Department.
Key Highlights from the IMF Press Briefing:
Krishna Srinivasan – BusinessNews.lk
- Positive Engagement: Srinivasan noted that following the establishment of the new government, an IMF mission had already visited Sri Lanka, engaging in constructive discussions with President and his team. He acknowledged the significant progress Sri Lanka has made under the EFF program.
- Commitment to Continued Progress: He emphasized the necessity of safeguarding the achievements thus far and called for measures to build upon these successes. The commitment of the new government to the IMF-supported program, particularly in terms of fiscal and debt targets, was reaffirmed.
- Ongoing Discussions: Recent discussions have been held in Washington between Sri Lankan representatives and the IMF, focusing on preparations for the upcoming review. Srinivasan reported that good progress has been made and that the mission aims to return to Sri Lanka soon to continue these negotiations.
This upcoming visit marks a critical step in ensuring the sustainability of Sri Lanka’s economic recovery efforts under the IMF’s guidance, reinforcing the government’s commitment to implementing necessary fiscal policies and reforms.
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International Monetary Fund (IMF)
Last modified: November 1, 2024
