IMF Delegation Commends Sri Lanka’s Economic Progress in Meeting with President 📈

An IMF delegation, led by Mission Chief Evan Papageorgiou, met President Anura Kumara Dissanayake today to discuss the 5th and 6th reviews of the Extended Fund Facility (EFF). • Key Economic Assessments: The IMF noted Sri Lanka’s transition to a "resilient economic footing," citing successful achievement of growth targets, improved revenue management, and the strengthening of foreign reserves. • External Risks & Energy: Discussions highlighted challenges from the Middle East conflict. The Government is reportedly managing pressures on fuel prices and the energy sector through prudent decision-making and providing targeted relief to vulnerable groups. • Commitment to Reforms: President Dissanayake confirmed that Sri Lanka has met all program targets and reached relative stability. The focus remains on maintaining this stability while minimizing the social impact on the public. • Strategic Participation: The meeting included high-level officials such as the Central Bank Governor, the Secretary to the Treasury, and the Deputy Minister of Finance, signaling a unified approach to the reform agenda.