IMF Director Asia and Pacific Department Krishna Srinivasan said “We will be in Sri Lanka in two weeks’ time to see how the implementation is coming along. We will also be looking at the whole issue of debt restructuring

He added that if Sri Lanka comes through with all the reforms, fast-track the proper implementation and warp-up the debt restructuring by September, the economy will be on a path to recovery from 2024.

“The program itself is a very ambitious one, in terms of fiscal, monetary, governance and social safety net reforms. The next step in the process for Sri Lanka is to engage in good faith with all creditors and be done before the first review, he disclosed.