The International Monetary Fund (IMF)’s Senior Mission Chief for Sri Lanka Peter Breuer says the IMF program is showing signs of working and is translating into real outcomes thanks to the Sri Lankan authorities’ commitment to the program and its implementation.
He had stated this during the meeting held today (07) between President Ranil Wickremesinghe and the visiting IMF team at the Finance Ministry, the President’s Media Division (PMD) reported.
Mr. Breuer further stated that it is heartening to see the country’s economy starting to turn around following the recent economic crisis.
The IMF will commence its second review of the Extended Fund Facility (EFF) program for Sri Lanka today (March 07) with an opening meeting with President Wickremesinghe.
Previously, Finance State Minister Shehan Semasinghe said this marks a crucial milestone in the ongoing efforts by the government to enhance stability and economic growth.
Sri Lanka anticipates receiving the third tranche of the IMF loan in June.
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