By: Isuru Parakrama
October 14, Colombo (LNW): The Sri Lankan government has secured an agreement with the International Monetary Fund (IMF) to expand relief measures for citizens, according to Prof. Anil Jayantha, the President’s Adviser on Economic and Financial Affairs.
He disclosed that proposals outlining the enhanced relief will be submitted to the IMF in the near future as part of ongoing efforts to revitalise the country’s economy.
Prof. Jayantha highlighted that the government is prioritising increased support for the public as a key strategy for economic recovery.
The administration has engaged in detailed discussions with the IMF, emphasising the need to meet essential needs such as food, clean water, and fertiliser for farmers to stimulate growth.
“We stressed to the IMF that for the economy to truly recover, the basic necessities of the people must be addressed. The IMF did not oppose this view and, in fact, encouraged us to submit detailed programmes for increasing relief,” he stated.
In addition to discussions with the IMF, Prof. Jayantha noted that the government is coordinating with related institutions linked to the international financial body to ensure that aid is delivered efficiently and effectively.
The proposed measures are expected to focus on improving the supply of essential goods and services, enabling citizens to actively participate in the nation’s production process.
By facilitating access to vital resources, the government aims to bolster local industries and agriculture, thereby creating a stronger foundation for sustained economic recovery.
Prof. Jayantha stressed the urgency of these measures, expressing the administration’s commitment to ensuring that relief reaches those in need as quickly as possible.
As Sri Lanka navigates its way through economic challenges, this expanded relief package is seen as a crucial step towards stabilising the economy and fostering long-term growth.
With international support, the government is confident that these measures will help pave the way for a more resilient and prosperous future.
