IMF chief receives firsthand insights from Ranil on SL’s debt restructuring progress

International Monetary Fund (IMF)  chief Kristalina Georgieva yesterday received firsthand insights on Sri Lanka’s progress in its reforms efforts with President Ranil Wickremesinghe sharing details on key economic matters.

Wickremesinghe provided the update when he met with Georgieva during the United Nations General Assembly (UNGA) in New York.

An IMF mission is currently in Sri Lanka, carrying out the first review on the Extended Fund Facility (EFF) to release the second installment of the bailout package.

According to a statement by President’s Media Division (PMD) Georgieva and Wickremesinghe delved into the ongoing financial sector reforms and the progress made in debt restructuring initiatives. 

The IMF Managing Director commended the Sri Lankan government for its effective measures in curbing inflation and nurturing a conducive environment for business growth, as well as the flourishing tourism industry. 

She expressed her satisfaction with the government’s commitment to enhancing the overall economic landscape.

“Listen to our guys, they mean well for you,” she said when concluding the meeting.

Attending the meeting with the President was Foreign Minister Ali Sabry, President’s Secretary Saman Ekanayake, Ambassodor Mahinda Samarasinghe, UN Permanent Representative Mohan Peiris and President’s Advisor, BOI Chairman Dinesh Weerakkody.