IMF commends Sri Lanka’s economic decisions amid global conflict

The International Monetary Fund (IMF) has commended the swift measures taken by the Sri Lankan authorities to safeguard macroeconomic and social stability despite the ongoing conflicts in the Middle East.

IMF Mission Chief Evan Papageorgiou said that the prompt actions taken by the Sri Lankan authorities had helped protect the country’s macroeconomic and social stability, even as the conflict in the Middle East continued.

The IMF delegation concluded its visit to Sri Lanka today (30). Before departing the country, the delegation addressed a special media briefing this afternoon at the premises of the Central Bank of Sri Lanka.

Speaking at the briefing, the IMF Mission Chief announced that the IMF would begin discussions with the Sri Lankan authorities later this year on the seventh review of the country’s IMF-supported programme.

He further noted that maintaining the momentum of the reform agenda is essential to ensuring Sri Lanka’s long-term economic stability.

Referring to the continued impact of external shocks, Mr Papageorgiou emphasised that Sri Lanka must remain focused on sustaining its economic reform programme, which should remain the country’s foremost priority.

He also stressed the importance of maintaining an unwavering commitment to the reform process and stated that the measures taken by Sri Lanka thus far in response to the conflict in the Middle East had been appropriate.

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