The Impressive TimesThe International Monetary Fund has expressed confidence in the imminent resolution of Sri Lanka’s debt issues, citing significant progress in the crisis-hit country’s economic reforms. Sri Lanka’s State Finance Minister shared on social media platform X that the IMF has noted several developments in the island’s economy, including efforts towards finalizing agreements with external commercial creditors and implementing agreements in principle with official creditors. He added that domestic debt operations are largely completed.
Director of the IMF Communications Department, Julie Kozack, stated yesterday that, according to the IMF’s assessment, there has been sufficiently strong progress on the debt restructuring front. Regarding the performance of the Sri Lankan economy after the finance package, the IMF Spokesman mentioned that the program’s performance is robust, with most quantitative and structural conditionality for the second review met or implemented with delay.
No Comments: