IMF MD welcomes decisive decisions by SL

The International Monetary Fund Managing Director Kristalina Georgieva yesterday welcomed what she described as “decisive policy actions” by Sri Lanka and said looks forward to presenting for approval the support program at the Executive Board meeting on 20th March.

“I welcome the progress made by the Sri Lankan authorities in taking decisive policy actions and obtaining financing assurances from all their major creditors, including China, India and the Paris Club,” she said.

“I look forward to presenting for approval Sri Lanka’s IMF-supported program to our Executive Board on March 20. The Extended Fund Facility (EFF) will support the authorities’ program of ambitious reforms, which will help Sri Lanka emerge from its current crisis and set it on a trajectory of strong and inclusive growth,” the IMF Managing Director added.