President Anura Kumara Disanayake and IMF Managing Director Kristalina Georgieva held a virtual meeting aimed at strengthening the Sri Lanka-IMF partnership, addressing the ongoing Extended Fund Facility arrangements and expressing mutual commitment to economic reforms and stability amidst global challenges.
On Friday, President Anura Kumara Disanayake conducted a beneficial virtual meeting with IMF Managing Director Ms. Kristalina Georgieva. Their discussions aimed at fortifying the partnership between Sri Lanka and the IMF, coinciding with the midpoint of Sri Lanka’s 48-month Extended Fund Facility, initiated in March 2023.
During the meeting, President Disanayake acknowledged the IMF’s ongoing assistance in the aftermath of the 2022 economic crisis. He mentioned the substantial advancements Sri Lanka has made regarding economic reforms, macroeconomic stability, governance improvements, and support for vulnerable populations. The President underscored the necessity of sustained cooperation to ensure economic resilience amidst global uncertainties.
In response, Ms. Georgieva commended Sri Lanka on achieving macroeconomic stability and completing the third review under the Extended Fund Facility, alongside the majority of the debt restructuring. She reaffirmed the IMF’s commitment to Sri Lanka’s economic agenda, stressing the need for robust macroeconomic fundamentals supported by good governance, especially amid fluctuating global economic conditions.
President Disanayake reiterated his dedication to advancing the IMF program in a manner that aligns with the objectives of the Sri Lankan populace, reflecting their democratic aspirations. He highlighted the government’s focus on uplifting underprivileged communities, enhancing social welfare expenditures, and improving governance in state-owned enterprises, including energy sectors.
As the conversation shifted to future prospects, Ms. Georgieva emphasized the importance of enduring the reform agenda to ensure sustainable growth. She recognized the challenges posed by rapid technological and geopolitical changes. Nevertheless, she pledged the IMF’s support in fostering inclusive growth and improving the quality of life for the citizens of Sri Lanka.
The meeting culminated in a mutual commitment between the President and Ms. Georgieva to maintain dialogue and collaboration, paving the way for sustained stability and a prosperous future for Sri Lanka.
In summary, the virtual meeting between President Anura Kumara Disanayake and IMF Managing Director Ms. Kristalina Georgieva served to strengthen the collaboration between Sri Lanka and the IMF. Both parties committed to continuing economic reforms aimed at sustainable growth and stability, acknowledging the significant progress made while understanding the challenges ahead. Ongoing dialogue is pivotal for achieving these shared objectives.
Original Source: island.lk
