Monday, 15 January 2024 11:28

IMF lauds Sri Lanka’s substantial progress in economic reforms. Featured

In a high-profile meeting between Sri Lankan President Ranil Wickremesinghe, national authorities, and the International Monetary Fund (IMF) on January 11, the country received commendation for its substantial progress in implementing crucial economic reforms.

The IMF, during the meeting, specifically lauded Sri Lanka for successfully completing the first review under its program.

Acknowledging the challenging nature of the reforms undertaken, the IMF emphasized the positive commencement of the program and its significant repercussions on the domestic population.

Directors at the executive board meeting expressed admiration for Sri Lanka's bold step in publishing a governance diagnostic—a pioneering effort in Asia that reflects the country's commitment to transparency and accountability.

Peter Breuer, Senior Mission Chief for Sri Lanka, highlighted encouraging signs regarding the program's impact on stabilizing the economy, particularly in policy-oriented variables and fiscal areas

 

 

 

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