President Anura Kumara Disanayake had a productive virtual meeting with IMF Managing Director Kristalina Georgieva to enhance the partnership between Sri Lanka and the IMF. They discussed ongoing economic reforms, the need for governance improvements, and the commitment to support Sri Lanka’s recovery from its economic crisis. Both leaders agreed on the importance of continued cooperation for sustainable growth.
On Friday, November 7th, President Anura Kumara Disanayake engaged in a significant virtual discussion with IMF Managing Director Kristalina Georgieva about enhancing the collaboration between Sri Lanka and the IMF. This meeting marked a key milestone as Sri Lanka approaches the midpoint of its 48-month Extended Fund Facility (EFF) arrangement, initiated in March 2023.
During this dialogue, President Disanayake expressed gratitude for the IMF’s support during Sri Lanka’s recovery from the severe economic crisis of 2022. He underscored the substantial strides made in reform initiatives, bolstering macroeconomic stability, assisting vulnerable populations, and improving governance structures.
Georgieva commended the President on achieving macroeconomic stability and completing the third review under the EFF. She praised Sri Lanka’s commitment to critical reforms and reiterated the IMF’s dedication to supporting the nation’s economic development amid global uncertainty, highlighting the necessity for robust governance frameworks.
The President reaffirmed his commitment to the IMF program, stressing that the targets set should reflect the democratic aspirations of the Sri Lankan populace. He emphasized ongoing efforts to enhance social welfare, improve governance in state-owned enterprises, and attract foreign direct investment to minimize debt risks.
Looking to the future, Georgieva pointed out the importance of continuing the reform agenda to guide Sri Lanka towards sustainable growth. She noted the challenges posed by rapid developments globally but reassured that the IMF remains a steadfast partner in fostering inclusive growth and alleviating poverty in Sri Lanka.
Both officials recognized the need for constant dialogue and collaboration to secure long-term stability for Sri Lanka, concluding the meeting with a shared commitment towards a flourishing and sustainable future.
This meeting between President Disanayake and IMF Managing Director Georgieva highlights the vital importance of international cooperation in addressing economic recovery and stability in Sri Lanka. Both parties emphasized the necessity of continuing reforms, enhancing governance, and fostering inclusive growth to navigate the complexities of a challenging global economic landscape. Their commitment to working together signifies a hopeful outlook for Sri Lanka’s future development.
Original Source: island.lk
