{"id":143328,"date":"2024-08-03T14:47:35","date_gmt":"2024-08-03T21:47:35","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=143328"},"modified":"2024-08-03T14:47:35","modified_gmt":"2024-08-03T21:47:35","slug":"sri-lankas-economic-recovery-continues-imf","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2024\/08\/03\/sri-lankas-economic-recovery-continues-imf\/","title":{"rendered":"Sri Lanka\u2019s economic recovery continues: IMF"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy The Statesman<\/em><\/span><\/h2>\n\n\n<p>Sri Lanka\u2019s economic recovery continues with real gross domestic product (GDP) posting three consecutive quarters of expansion, and growth accelerating to 5.3 per cent year-on-year in the first quarter of 2024, the International Monetary Fund (IMF) said on Friday.<\/p>\n\n\n\n<p>Sri Lanka\u2019s economic recovery continues with real gross domestic product (GDP) posting three consecutive quarters of expansion, and growth accelerating to 5.3 per cent year-on-year in the first quarter of 2024, the International Monetary Fund (IMF) said on Friday.<\/p>\n\n\n\n<p>According to the statement, an IMF mission team led by senior mission chief Peter Breuer visited Sri Lanka from July 25 to August 2 to discuss recent macroeconomic development and progress in implementing economic and financial policies under an economic reform supported by the IMF\u2019s Extended Fund Facility (EFF) arrangement, Xinhua news agency reported.<\/p>\n\n\n\n<p>Breuer, in his statement, said the economic reform program implemented by the Sri Lankan authorities is yielding commendable outcomes.<\/p>\n\n\n\n<p>Inflation remains below the Central Bank of Sri Lanka\u2019s 5 per cent target and domestic borrowing rates have declined.<\/p>\n\n\n\n<p>Gross international reserves increased by $ 1.2 billion during the first half of 2024, reaching $ 5.6 billion, and fiscal revenue collections increased during the same period, he said.<\/p>\n\n\n\n<p>In March 2023, the IMF approved a 48-month extended arrangement under the EFF of about $ 3 billion to support Sri Lanka\u2019s economic policies and reforms<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy The Statesman Sri Lanka\u2019s economic recovery continues with real gross domestic product (GDP) posting three consecutive quarters of expansion, and growth accelerating to 5.3 per cent year-on-year in the first quarter of 2024, the International Monetary Fund (IMF) said on Friday. Sri Lanka\u2019s economic recovery continues with real gross domestic product (GDP) posting three [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-143328","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/143328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=143328"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/143328\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=143328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=143328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=143328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}