No room to renegotiate IMF program

Friday, 17 January 2025 00:30 - - {{hitsCtrl.values.hits}}

Dr. R.H.S. Samaratunga

Senior Economic Advisor to former President Ranil Wickremesinghe, Dr. R.H.S. Samaratunga speaking at the Daily FT – ACCA and ICC Sri Lanka webinar titled “IMF Agenda: Opportunities and Challenges for Sri Lanka Post-2025,” responded to a question about whether there is room to renegotiate the current IMF program given the tough conditions in the agreement. He noted that there is very little space to make changes to the broader program targets, the program he noted has progressed satisfactorily so far. The program was mutually agreed upon, and therefore, there is no room to revisit it. Dr. Samaratunga emphasised that it is in Sri Lanka’s interest to stay the course within the broad parameters of the program.