The IMF Urges Sri Lanka To Restore Macroeconomic Stability
Posted 20,March

By Chehan Jayasuriya

In Local News

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The International Monetary Fund (IMF) emphasized the urgent need for Sri Lanka to implement a credible and coherent strategy to restore macroeconomic stability and debt sustainability while protecting vulnerable groups through strengthened, well-targeted safety nets.

The statements were made by the director in charge of the communications department of the IMF, Gerry Rice, in response to questions raised by Business Times via email during the regular press briefing held last Thursday in Washington.

Mr. Rice stated president Rajapaksa’s intention to engage with the IMF to resolve Sri Lanka’s balance of payment problems. He added that Sri Lankan authorities have also indicated that they are actively considering an IMF-supported program.

Meanwhile, Central Bank governor Ajith Nivard Cabraal said he participated at the meeting the president had with the IMF representatives on March 15 at the president’s office.