By: Isuru Parakrama
October 01, Colombo (LNW): A high-ranking delegation from the International Monetary Fund (IMF), headed by Krishna Srinivasan, Director of the Asia Pacific Department, is set to visit Colombo from October 02 to 04 this year.
The visit aims to engage with President Anura Kumara Dissanayake and the newly appointed economic team as part of efforts to assess and support Sri Lanka’s ongoing economic reforms.
The IMF delegation will review the country’s economic progress, focusing on the latest developments and the implementation of reforms under the current IMF-backed economic programme.
This programme, designed to address Sri Lanka’s fiscal challenges, emphasises economic stability, restructuring state-owned enterprises, and strengthening anti-corruption measures.
An IMF spokesperson confirmed the visit, stating that the discussions will be pivotal in guiding Sri Lanka’s path to recovery.
The visit is also expected to offer insights into how the country can further stabilise its economy in the aftermath of a significant financial crisis that has impacted its industries, employment, and public services.
The meetings with President Dissanayake and his economic advisors are seen as crucial in ensuring that the economic reform plan remains on track.
It will also allow Sri Lanka’s new leadership to outline their vision for sustainable growth, particularly in light of the global economic downturn and domestic fiscal constraints.
The IMF team is expected to issue a statement at the conclusion of their visit, providing an overview of the outcomes and the next steps for Sri Lanka as it seeks to navigate its way through a fragile economic recovery.
