IMF Chief Arrives to Assess Cyclone Impact & Economic Recovery 📈

IMF Managing Director Kristalina Georgieva arrived in Sri Lanka yesterday (Feb 16) for a high-profile three-day official visit through February 18, 2026. This marks her first visit since the 2023 bailout. • Strategic Focus: Discussions will center on post-disaster recovery following Cyclone Ditwah and the progress of the Extended Fund Facility (EFF). The IMF is currently considering combining the 5th and 6th reviews, which were delayed by the natural disaster. • Cyclone Ditwah Impact: • Economic Cost: Recovery costs are estimated between US$ 4-6 Bn. • Growth Impact: The disaster is expected to trim real GDP growth by 0.5%–0.7%. • Sectoral Damage: Over 15,000 homes destroyed; severe disruptions to agriculture, tourism, and apparel & textiles due to flooding and power outages. • Immediate Aid: The IMF has already released US$ 200 Mn under its rapid finance program for urgent recovery. • Key Engagements: Georgieva visited Gampola today to witness destruction firsthand. She is scheduled for high-level talks in Colombo with President Anura Kumara Dissanayake, the Prime Minister, and the Central Bank Governor to discuss building long-term climate and economic resilience.