IMF says encouraged by new Govt.’s commitment to continue reforms

Saturday, 5 October 2024 00:58 - - {{hitsCtrl.values.hits}}

IMF Asia Pacific Department Director Dr. Krishna Srinivasan

The International Monetary Fund (IMF) yesterday expressed continued support as it was encouraged by Sri Lanka’s new Government’s commitment to continue the reform efforts.

“We are encouraged by the authorities’ commitment to continue the reform efforts. The IMF remains a steadfast partner in supporting Sri Lanka and its people and stands ready to assist the country achieve its economic reform goals,” said the IMF Asia Pacific Department Director Dr. Krishna Srinivasan in a statement.

“The IMF team will continue its close engagement with Sri Lanka’s economic team to set a date for the third review of the IMF-supported program,” Srinivasan added in his statement following the conclusion of a three-day visit by an IMF staff team.

“We held productive discussions with President Dissanayake and Sri Lanka’s economic team on the economic and financial challenges facing the Sri Lankan economy. We agreed on the importance of continuing to safeguard and build on the hard-won gains that have helped put Sri Lanka on a path to economic recovery since entering one of its worst economic crises in 2022,” the statement said.

The IMF team also met with Prime Minister Dr. Harini Amarasuriya, Minister Vijitha Herath, CBSL Governor Dr. Nandalal Weerasinghe, Treasury Secretary Mahinda Siriwardana, and other stakeholders.