IMF commends Govt. for unwavering commitment to EFF program’s implementation: PMD

Friday, 8 March 2024 00:28 - - {{hitsCtrl.values.hits}}

The President’s Media Division yesterday said that the International Monetary Fund has commended the Sri Lankan authorities for their unwavering commitment to the implementation of the Extended Fund Facility (EFF) program.

It said during the meeting between President Ranil Wickremesinghe and the IMF team at the Finance Ministry, IMF Senior Mission Chief for Sri Lanka Peter Breuer, delivered encouraging remarks. “Breuer emphasised that the IMF program is exhibiting promising signs of efficacy, translating into tangible outcomes. He commended the authorities for their unwavering commitment to the program’s implementation, noting that such dedication is instrumental in driving positive change,” the PMD said.

Breuer further expressed his satisfaction at witnessing the economy starting to turn around, underscoring the significance of this progress. This statement resonated with both President Wickremesinghe and the IMF team, highlighting the collective efforts and collaboration that have contributed to Sri Lanka’s economic recovery.

Against the backdrop of Breuer’s positive assessment, President Wickremesinghe reiterated his Government’s steadfast commitment to sustaining the momentum and advancing the nation’s economic agenda.

“This acknowledgment of progress underscores the shared vision between Sri Lanka and the IMF in fostering economic stability and growth,” PMD added.

As discussions progressed, President Wickremesinghe and the IMF team delved into various aspects of Sri Lanka’s economic performance, focusing on fiscal stability, structural reforms, and future outlook.

Their exchange of insights and strategies underscored the importance of continued collaboration and proactive measures in navigating challenges and fostering sustainable economic development.

In conclusion, the meeting between President Ranil Wickremesinghe and the IMF team at the Finance Ministry today highlighted the positive outcomes of Sri Lanka’s engagement with the IMF program. Breuer’s remarks served as a testament to the collective efforts and commitment

towards achieving economic prosperity, further reinforcing the optimism surrounding Sri Lanka’s economic trajectory.

The meeting was attended by State Minister of Finance Shehan Semasinghe, Central Bank Governor Dr. Nandalal Weerasinghe, Chief of Staff to the President Sagala Ratnayaka, Senior Economic Advisor to the President Dr. R.H.S. Samaratunga, Ministry of Finance Secretary Mahinda Siriwardana and Chief of Staff Office representing Sri Lanka Director General Shirantha Herath, and Senior Mission Chief Peter Breuer , Deputy Mission Chief Katya Svirydzenka, IMF Resident Representative Dr. Sarwat Jahan, Sophia Zhang, Sandesh Dhungana, Hoda Selim, Dmitriy Rozhkov, Mark Adams, Hui Miao, Samson Kwalingana and Manavee Abeyawickrama, representing the IMF.