The International Monetary Fund says that the progress made so far under Sri Lanka's ongoing economic reform program and the IMF's Extended Fund Facility (EFF) is satisfactory. They said this during a discussion held at the Presidential Secretariat under the chairmanship of President Anura Kumara Dissanayake.
The discussion focused on the current status of the fifth and sixth reviews of the EFF. The delegation exchanged views with the President on recent economic developments and the progress made so far.
The IMF representatives appreciated the economic progress made by Sri Lanka under the current government. In particular, they pointed out that the country's economy has become a more resilient economy compared to the previous situation by achieving economic growth targets, properly managing revenues and strengthening foreign reserves. Discussions were also held on how to deal with the IMF program in the future, while maintaining the economic stability that has already been achieved.
The President pointed out that the government has implemented the necessary measures to manage the impact on fuel prices and energy supply in the face of the external challenge posed to the country due to the military situation in the Middle East, and stressed the importance of taking all necessary steps to minimize the difficulties and impacts on the public.