October 7, 2024
2 mins read

IMF assures support for Sri Lanka’s economic reforms

An IMF team led by Krishna Srinivasan, director of the Asia Pacific Department, visited Sri Lanka from October 2 to October 4…reports Asian Lite News

The International Monetary Fund (IMF) said that it will continue its close engagement with Sri Lanka’s economic team to set a date for the third review of the IMF-supported program.

An IMF team led by Krishna Srinivasan, director of the Asia Pacific Department, visited Sri Lanka from October 2 to October 4.

Srinivasan met with Sri Lankan President Anura Kumara Dissanayake, Prime Minister Harini Amarasuriya, and other senior officials and stakeholders, as reported by Xinhua news agency.

At the end of the visit, Srinivasan in a statement said that they held productive discussions with Dissanayake and Sri Lanka’s economic team on the economic and financial challenges facing the Sri Lankan economy.

He said both sides agreed on the importance of continuing to safeguard and build on the hard-won gains that have helped put Sri Lanka on a path to economic recovery since entering one of its worst economic crises in 2022.

Srinivasan added that the IMF is encouraged by the authorities’ commitment to continue the reform efforts.

He said the IMF remains a steadfast partner in supporting Sri Lanka and its people and stands ready to assist the country in achieving its economic reform goals.

Last week, India’s External Affairs Minister S Jaishankar called on Sri Lankan President Anura Kumara Dissanayake in Colombo. The two leaders discussed ways to deepen cooperation and strengthen bilateral ties to benefit the people of India and Sri Lanka.

In a post on X, Jaishankar stated, “Honored to call on President @anuradisanayake today in Colombo. Conveyed warm greetings of President Droupadi Murmu and PM @narendramodi. Appreciate his warm sentiments and guidance for the India-Sri Lanka relations. Discussed ways to deepen ongoing cooperation and strengthen India-Sri Lanka ties for the benefit of people of two countries and the region.”

Jaishankar also held a bilateral meeting with Sri Lankan counterpart Vijitha Herath, where both leaders discussed a range of matters of mutual interest.

During the meeting, Jaishankar conveyed India’s continued support for Sri Lanka’s economic rebuilding, emphasising the importance of their bilateral partnership.

“Concluded wide-ranging and detailed talks with FM Vijitha Herath today in Colombo. Congratulated him once again on his new responsibilities. Reviewed various dimensions of the India-Sri Lanka partnership. Assured him of India’s continued support to Sri Lanka’s economic rebuilding. Our Neighbourhood First Policy and Sagar outlook will always guide the advancement of India-Sri Lanka ties,” Jaishankar wrote on X.

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