IMF Mission Chief for Sri Lanka, Evan Papageorgiou stated that Sri Lanka’s reform programme continues to remain on track.
He noted that over the past few years, Sri Lankan authorities have made significant progress in restoring macroeconomic stability, rebuilding foreign reserves, and strengthening confidence in the economy.
According to Papageorgiou, these efforts have been recognized by investors, stakeholders, and the public, helping to place the economy on a stronger foundation.
However, he pointed out that recent global economic developments have created new pressures for many economies amid a challenging external environment, making the path forward increasingly complex.
Despite these challenges, Papageorgiou emphasized that Sri Lanka’s policy framework is now considerably stronger than in the past. He added that maintaining a consistent policy direction and allowing the economy to adapt to evolving conditions would help preserve the progress achieved so far.
Meanwhile, the IMF official also stated that the Fund looks forward to continuing its close engagement with Sri Lankan authorities as the country advances its reform agenda.
