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IMF to help Sri Lanka to overcome the current crisis
April 24, 2022
IMF Managing Director Kristalina Georgieva and other senior members of IMF management met with a Sri Lankan delegation led by Finance Minister Ali Sabry and Central Bank of Sri Lanka Governor Nandalal Weerasinghe. They discussed policy actions to address economic challenges.
The IMF team for Sri Lanka held initial technical discussions on an IMF-supported program with the delegation. Masahiro Nozaki, mission chief for Sri Lanka, issued the following statement today:
“During April 18–22, the Sri Lankan delegation and the IMF team had fruitful technical discussions on the authorities' request for an IMF-supported program. An IMF communique said.
The discussions covered recent economic and financial developments in Sri Lanka, the need for implementing a credible and coherent strategy to restore macroeconomic stability, and the importance of impregnable social safety nets to mitigate the adverse impact of the current economic crisis on the poor and vulnerable.
The IMF team welcomed the government's plan to engage in a collaborative dialogue with their creditors.
“Forging ahead, the IMF team will support Sri Lanka’s efforts to overcome the current economic crisis by working closely with the authorities on their strategy and by engaging with all other stakeholders for a timely resolution of the issues.
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