The International Monetary Fund (IMF) has reaffirmed its commitment to supporting Sri Lanka as the country continues efforts to maintain economic stability and recovery.
Speaking at a press briefing on May 14, IMF Communications Director Julie Kozack said Sri Lanka has recently been affected by two major external shocks that have placed significant pressure on its economy.
She identified Cyclone Ditwah as a severe natural disaster that disrupted economic activity, along with the ongoing war in the Middle East, which continues to impact global conditions and indirectly affect Sri Lanka.
Despite these challenges, Kozack praised Sri Lanka’s resilience, noting that both the economy and the people have shown “remarkable resilience” in responding to repeated shocks.
She also said that reforms implemented under Sri Lanka’s IMF-supported programme are beginning to deliver positive results, with improving economic performance driven by strong commitment from the authorities.
Kozack further stated that the IMF will continue close collaboration with Sri Lankan authorities to determine how best to extend further support, reaffirming the Fund’s strong commitment to the country’s recovery efforts.
