The International Monetary Fund has expressed confidence in the imminent resolution of Sri Lanka’s debt issues, citing significant progress in the crisis hit country’s economic reforms. Taking to social media platform X, Sri Lanka’s State Finance Minister noted that the IMF has observed several developments in the island’s economy that include efforts towards finalising agreements with external commercial creditors, and implementing agreements in principle with the official creditors. He added that the domestic debt operations are largely completed.

 

Director of the IMF Communications Department, Julie Kozack said yesterday that as per IMF’s assessment, there has been sufficiently strong progress on the debt restructuring front. Regarding the performance of the Sri Lankan economy after the finance package, the IMF Spokesman said that the program performance is strong with most quantitative and structural conditionality for the second review met or implemented with delay, and reforms are still ongoing in some areas.