Sri Lanka’s reform programme continues to move forward, with the International Monetary Fund (IMF) Executive Board set to consider the combined fifth and sixth reviews under the Extended Fund Facility (EFF) next week, according to IMF Asia-Pacific Department Director Krishna Srinivasan.
In a statement shared on social media, Srinivasan said Sri Lankan authorities had made “significant progress” in restoring macroeconomic stability, rebuilding reserves, and strengthening confidence over the past few years.
He said these efforts had been recognised by the public, investors, and stakeholders, helping place the economy on a “firmer footing.”
However, Srinivasan noted that recent global developments had created renewed pressures, similar to challenges faced by many economies in a difficult external environment.
“Navigating these shocks is never straightforward, but Sri Lanka’s policy framework today is considerably stronger than in the past,” he said.
He also stressed that maintaining a consistent policy direction and allowing the economy to adjust to changing conditions would be essential to sustaining progress.
Srinivasan added that the IMF looked forward to continued close engagement with Sri Lankan authorities as the reform agenda moves ahead. (Newswire)