Semasinghe confirms positive talks with IMF Deputy Managing Director

Saturday, 14 October 2023 01:52 - - {{hitsCtrl.values.hits}}

IMF Deputy Managing Director Kenji Okamura (left) with State Minister of Finance Shehan Semasinghe

State Minister of Finance Shehan Semasinghe expressed contentment following a productive meeting with International Monetary Fund (IMF) Deputy Managing Director Kenji Okamura.

Taking to ‘X’, Semas-inghe emphasised the constructive nature of the discussions which took place on the side-lines of the IMF and World Bank annual meetings in Morocco.

“He (Okamura) assured the IMF’s continued commitment to support the Government’s reform agenda and the stabilisation program,” he noted.

The statement from the State Minister comes amidst concerns over the Government not meeting its revenue targets to secure the second tranche of the IMF’s $ 2.9 billion Extended Fund Facility (EFF) to Sri Lanka being delayed.

As Sri Lanka continues to navigate complex economic challenges, the reaffirmation of the IMF’s commitment to support the Government’s reform agenda is seen as a positive signal for the country’s financial stability and long-term prosperity. The Government and international partners working together is poised to play a pivotal role in steering Sri Lanka towards a more robust and resilient economic future.