IMF decides to resume program discussions with Sri Lanka

The International Monetary Fund (IMF) has decided to resume discussions on a funding programme with Sri Lanka.

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), met with Finance Minister Mangala Samaraweera and Governor Indrajit Coomaraswamy in Washington.

“I was pleased to meet with Minister Samaraweera and Governor Coomaraswamy this afternoon. We discussed the challenging economic environment and the policy priorities for the country. The authorities stressed Sri Lanka’s continued commitment to their economic reform agenda under the IMF-supported program,” Lagarde said following the meeting.

Lagarde said they agreed that a strong policy mix, with effective implementation of that agenda, is key to strengthening confidence, while putting Sri Lanka on a sustainable, high-quality growth path that would benefit its people.

“The IMF remains ready to support the Sri Lankan authorities in these endeavors and an IMF team is scheduled to visit Colombo in mid-February to resume program discussions.”

The IMF had suspended the funding programme with Sri Lanka during the political crisis last year. (Colombo Gazette)

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