{"id":153508,"date":"2025-12-06T16:37:27","date_gmt":"2025-12-06T23:37:27","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=153508"},"modified":"2025-12-06T16:37:27","modified_gmt":"2025-12-06T23:37:27","slug":"imf-says-sri-lankas-economic-outlook-to-weaken-after-cyclone","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2025\/12\/06\/imf-says-sri-lankas-economic-outlook-to-weaken-after-cyclone\/","title":{"rendered":"IMF says Sri Lanka\u2019s economic outlook to weaken after cyclone"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy The Daily Mirror<\/em><\/span><\/h2>\n\n\n<p>he International Monetary Fund (IMF) said it expects Sri Lanka\u2019s economic activity to take a hit following the widespread destruction caused by Cyclone Ditwah, noting that the scale of damage will become clearer once authorities complete a rapid post-disaster assessment.<\/p>\n\n\n\n<p>IMF\u2019s Director of the Communications Department Julie Kozack said, the Fund is closely engaging\u201d with the government, development partners and other counterparts as the country grapples with the humanitarian, social and economic fallout.&nbsp;<\/p>\n\n\n\n<p>Large parts of Sri Lanka have been affected by the floods, and on that basis, we do expect economic activity to be adversely affected, in addition to the significant human toll,\u201d she said at a briefing this week.&nbsp;<\/p>\n\n\n\n<p>The IMF is continuing its engagement under the existing Extended Fund Facility (EFF), with staff and Sri Lankan authorities having reached a staff-level agreement on the Fifth Review in October, prior to the cyclone. A Board meeting on the review is expected on December 15.<\/p>\n\n\n\n<p>Kozack said IMF staff is examining options to further support Sri Lanka in the recovery process\u201d, signalling possible adjustments or additional assistance once damage assessments are finalised.&nbsp;<\/p>\n\n\n\n<p>We will provide more details as the assessment of economic needs and damages moves forward,\u201d she added, noting that the findings will shape the Fund\u2019s next steps in bolstering the country\u2019s recovery and resilience.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy The Daily Mirror he International Monetary Fund (IMF) said it expects Sri Lanka\u2019s economic activity to take a hit following the widespread destruction caused by Cyclone Ditwah, noting that the scale of damage will become clearer once authorities complete a rapid post-disaster assessment. IMF\u2019s Director of the Communications Department Julie Kozack said, the Fund [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-153508","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/153508","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=153508"}],"version-history":[{"count":1,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/153508\/revisions"}],"predecessor-version":[{"id":153509,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/153508\/revisions\/153509"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=153508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=153508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=153508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}