IMF Chief praises SL’s commitment to reforms during key meeting

By: Isuru Parakrama

October 22, Colombo (LNW): Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), met with Sri Lanka’s delegation, led by Central Bank Governor Dr. Nandalal Weerasinghe, for a discussion on the country’s ongoing economic reforms.

The meeting took place in Washington DC, during the 2024 Annual Meetings of the IMF and the World Bank Group (WBG).

In a post on ‘X’, Georgieva expressed her encouragement over the Sri Lankan authorities’ dedication to continuing their reform agenda, which is vital for maintaining the progress achieved under the IMF-supported programme.

She reassured that the IMF remains fully committed to helping Sri Lanka build a more stable and prosperous future for its citizens.

Had a great discussion with 🇱🇰 Sri Lanka’s delegation. Encouraged by the authorities’ commitment to continue the reform efforts to safeguard the hard-won gains under the IMF-supported program. The IMF remains committed to supporting Sri Lanka build a better future for its people. pic.twitter.com/ML7UfYgcJB

— Kristalina Georgieva (@KGeorgieva) October 21, 2024

Sri Lanka’s delegation also included Finance Secretary Mahinda Siriwardena and Senior Economic Advisor to the President, Duminda Hulangamuwa.

Their participation underscored the government’s intent to strengthen economic stability and ensure the success of the reform initiatives amidst ongoing challenges.

The dialogue comes at a critical juncture for Sri Lanka as it works to stabilise its economy and rebuild after a series of financial setbacks.