Ceylon Chamber welcomes staff-level agreement for 3rd review of IMF program

Wednesday, 27 November 2024 00:02 - - {{hitsCtrl.values.hits}}

The Ceylon Chamber of Commerce yesterday welcomed the announcement of a staff-level agreement for the third review under the International Monetary Fund (IMF) Extended Fund Facility program for Sri Lanka.

“This agreement underscores the progress the country has made in implementing structural reforms and achieving fiscal sustainability during this critical period of economic recovery. While acknowledging the progress made, it is important to continue the reform momentum and build on the progress made while unlocking key constraints that bind long term sustainable growth,” the Chamber said in a statement.

“The Chamber looks forward to the Government meeting the requirement for disbursement by the Board of the IMF,” It added