International Monetary Fund (IMF) Managing Director Kristalina Georgieva has stated that Sri Lanka has achieved macroeconomic and financial stability within a short period, highlighting what she described as a significant economic turnaround.
Speaking in a special interview with Ada Derana during her three-day official visit to the island, Georgieva commended the resilience of the Sri Lankan people and the government’s swift response to recent economic challenges.
She noted that inflation, which had previously surged to 70 percent, has now declined to 2 percent, while economic growth has recovered from negative territory to 5 percent.
Georgieva also referred to the IMF’s provision of US$ 200 million in emergency financial assistance following Cyclone Ditwah, stating that the timely support helped ensure affected communities were not left to face the consequences alone.
Emphasising the importance of unity and sustained reform efforts, she said Sri Lanka now has a valuable opportunity to move forward under a government that has earned public trust and is working towards long-term stability and growth.
The IMF Managing Director further identified tourism as a key sector critical to Sri Lanka’s economic future.