IMF Executive Board to review Sri Lanka programme progress on 5th and 6th reviews
The Executive Board of the International Monetary Fund is scheduled to meet on Wednesday (27) to consider approval of the staff-level agreement reached on the 5th and 6th reviews of Sri Lanka’s Extended Fund Facility programme.
Commenting on the development, Evan Papageorgiou noted that Sri Lanka has made significant progress in recent years in ensuring macroeconomic stability, strengthening foreign reserves, and rebuilding market confidence.
He stated that these continued efforts by the authorities have helped restore confidence among the public, investors, and other stakeholders, thereby contributing to overall economic stabilization in the country.
However, he also pointed out that recent global economic trends have created new pressures on the economy. Despite this, he emphasized that Sri Lanka’s current policy framework is in a stronger position compared to the past.
He further expressed confidence that although managing current external pressures is challenging, the strengthened policy framework can help the country navigate these challenges more effectively.
