Sri Lanka’s reform programme continues to make steady progress, with the International Monetary Fund (IMF) Executive Board scheduled 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 achieved significant progress in restoring macroeconomic stability, rebuilding foreign reserves, and strengthening public and investor confidence over the past few years.
He noted that these improvements had been recognised by investors, stakeholders, and the public, helping place the country’s economy on a firmer footing.
However, Srinivasan pointed out that recent global developments had created renewed economic pressures, similar to the challenges being faced by many countries amid 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 stated.
He emphasised that maintaining consistent economic policies and allowing the economy to adjust to changing global conditions would be crucial to sustaining the country’s recovery and progress.
Srinivasan also said the IMF looked forward to continuing its close engagement with Sri Lankan authorities as the reform agenda moves forward.
