IMF: Lanka must continue reforms amid global uncertainty

The International Monetary Fund on Friday (11) said that the recent external shock and evolving developments are creating uncertainty for the Sri Lankan economy, which is still recovering from its own economic crisis.

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IMF Mission Chief For Sri Lanka, Evan Papageorgiou in a statement said that more time is needed to assess the impact of the global shock and how its implications for Sri Lanka can be addressed within the contours of its IMF-supported program.

“The government’s sustained commitment to program objectives is ensuring policy continuity and program implementation remains strong. Going forward, sustaining the reform momentum is critical to safeguard the hard-won gains of the program and put the economy on a path toward lasting macroeconomic stability and higher inclusive growth,” he added.