IMF praises SL econ. progress at Spring Meetings 2024..!

The International Monetary Fund’s (IMF) First Deputy Managing Director Gita Gopinath has congratulated the Sri Lankan authorities on the steady progress made on several fronts, including inflation reduction, revenue enhancement and governance reforms.

This remark was made when State Minister of Finance Shehan Semasinghe had bilateral discussion with Gopinath on the sidelines of the IMF and the World Bank Group Spring Meetings 2024, held in Washington D.C.

Posting on X (formerly Twitter), State Minister Semasinghe said that she emphasised the need to ensure the reform momentum is maintained.

He further pointed out that the close collaboration between Sri Lanka and the IMF was key in transforming the economy and the country is now reaping results from the well-crafted policies and reforms implemented.

Semasinghe also appreciated the IMF’s efforts to assist countries in debt distress, particularly leadership extended to the Global Sovereign Debt Roundtable.

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