Colombo, Sri Lanka - October 03, 2024

A high-level IMF delegation met with Sri Lanka's economic team to discuss the progress of the Extended Fund Facility.
Positive discussions focused on economic reforms & future collaboration under the new government.

A high-level delegation from the International Monetary Fund (IMF) arrived in Sri Lanka today (October 2) for discussions with the newly formed government, led by President Anura Kumara Dissanayake. The visit focused on assessing the progress of Sri Lanka's ongoing IMF program and outlining steps necessary to unlock the fourth tranche of the $2.9 billion Extended Fund Facility.

The meeting, held at the Presidential Secretariat, involved a comprehensive review of the IMF program's current status and future economic reforms. Both the IMF team and Sri Lanka's economic policy experts exchanged views on advancing Sri Lanka’s financial recovery efforts and long-term stability.

Dr. Peter Breuer, Senior Mission Chief, led the IMF delegation, joined by Dr. Sarwat Jahan, Resident Representative, and Ms. Manavee Abeyawickrama, Economist. The delegation expressed optimism about the reforms taking place under the new administration, enhancing Sri Lanka’s economic outlook.

Sri Lanka's Economic Policy Council was represented by key figures, including Dr. Harshana Suriyapperuma, Prof. Anil Jayantha (Chair of the Council and Senior Advisor to the President on Economic Affairs), Mr. Sunil Handunnetti, Prof. Seetha Bandara Ranathunga, Mr. Sunil Gamage, Mr. Duminda Hulangamuwa, Dr. Nandasiri Kihimbiyahetti, Prof. O.G. Dayaratne Banda, and Mr. Amarasena Athukorala.

This meeting signals the government's strong commitment to economic recovery, laying the groundwork for continued IMF support in the months ahead.