{"id":144683,"date":"2024-10-05T17:10:36","date_gmt":"2024-10-06T00:10:36","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=144683"},"modified":"2024-10-05T17:10:36","modified_gmt":"2024-10-06T00:10:36","slug":"imf-acknowledges-sri-lankas-progress-warns-of-ongoing-vulnerabilities","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2024\/10\/05\/imf-acknowledges-sri-lankas-progress-warns-of-ongoing-vulnerabilities\/","title":{"rendered":"IMF acknowledges Sri Lanka\u2019s progress, warns of ongoing vulnerabilities"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy Adaderana<\/em><\/span><\/h2>\n\n\n<p>The International Monetary Fund (IMF) says Sri Lanka\u2019s Third Review under the USD 2.9 billion Extended Fund Facility (EFF) programme, will be announced in due course.<br>&nbsp;&nbsp;<br>Addressing a bi-weekly media briefing held in Washington DC, IMF\u2019s Director for Communications Julie Kozack noted that vulnerabilities and uncertainties remain, meaning sustaining the reform momentum is critical for Sri Lanka.<\/p>\n\n\n\n<p>However, Kozack reiterated that Sri Lanka\u2019s performance under the programme is strong, and reform efforts are bearing fruit in terms of reviving economic growth.<\/p>\n\n\n\n<p>Meanwhile on Friday (04), the IMF team who visited the island said it will continue its close engagement with Sri Lanka\u2019s economic team to set a date for the third review of the IMF-supported program.&nbsp;<\/p>\n\n\n\n<p>We are encouraged by the authorities\u2019 commitment to continue the reform efforts,\u201d the global lender\u2019s Director for the Asia Pacific Department, said in a statement at the end of the visit to Sri Lanka.<\/p>\n\n\n\n<p>He further stated that the IMF remains a steadfast partner in supporting Sri Lanka and its people and stands ready to assist the country achieve its economic reform goals.<\/p>\n\n\n\n<p>An International Monetary Fund (IMF) team led by Mr. Krishna Srinivasan, Director for the Asia Pacific Department, visited Colombo October 2-4, 2024.&nbsp;<\/p>\n\n\n\n<p>During the visit, Mr. Srinivasan met with President Dissanayake, Prime Minister Amarasuriya, Minister Herath, Governor Weerasinghe, Secretary to the Treasury Siriwardena, and other stakeholders.<\/p>\n\n\n\n<p>He stated that they agreed on the importance of continuing to safeguard and build on the hard-won gains that have helped put Sri Lanka on a path to economic recovery since entering one of its worst economic crises in 2022.<\/p>\n\n\n\n<p>Later, Sri Lanka\u2019s Ministry of Finance also issued a statement confirming the country\u2019s successful completion of consultations with the Official Creditor Committee (OCC) and the IMF.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy Adaderana The International Monetary Fund (IMF) says Sri Lanka\u2019s Third Review under the USD 2.9 billion Extended Fund Facility (EFF) programme, will be announced in due course.&nbsp;&nbsp;Addressing a bi-weekly media briefing held in Washington DC, IMF\u2019s Director for Communications Julie Kozack noted that vulnerabilities and uncertainties remain, meaning sustaining the reform momentum is critical [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[193],"tags":[],"class_list":["post-144683","post","type-post","status-publish","format-standard","hentry","category-imf-bailout-package"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/144683","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=144683"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/144683\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=144683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=144683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=144683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}