Sri Lanka Targets Transformative Era via Economic Stability š
⢠Economic Performance & Growth - GDP Growth: Maintained a 4.2% economic growth rate for Q2 of this year, signalling economic recovery and growth. - Resilience: Stability helped buffer impacts from recent external/natural shocks, including Cyclone Ditwah and Middle East conflict pressures. ⢠IMF Program & Key Milestones - Seventh Review: IMF delegation (led by Mission Chief Evan Papageorgiou) in Colombo (Sept 10ā23) for the EFF program review and 2026 Article IV Consultation. - Policy Progress: IMF commended progress in maintaining fiscal discipline, boosting tax revenue collection over the last 2 years, and attracting foreign investment. - Social Protection: Progress achieved in executing social welfare benefit programs under the IMF framework. ⢠Forward Outlook & Strategy - Government Goal: Leverage current stability to improve public living standards and transition Sri Lanka toward a transformative economic era. - Future Focus: IMF emphasized maintaining stability moving into 2027 and beyond, while addressing challenges like elevated energy costs from Middle East conflicts.