IMF deputy urges Sri Lanka to keep up momentum on economic reforms
2023.06.01 15:45
© Reuters. FILE PHOTO: A general view of Sri Lanka’s main business city as Sri Lankan President Ranil Wickremesinghe announced 2023 budget amid the country’s economic crisis, in Colombo, Sri Lanka, November 14, 2022. REUTERS/ Dinuka Liyanawatte
WASHINGTON (Reuters) – Sri Lanka is showing a “strong commitment” to implementing economic reforms but must continue this momentum amid a challenging economic environment, International Monetary Fund Deputy Managing Director Kenji Okamura said on Thursday.
In a statement at the conclusion of his visit to Columbo, Okamura said continued open dialogue with Sri Lanka’s creditors would help reach restructuring agreements that would restore debt sustainability in line with IMF targets for its $3 billion, 40 month loan to the struggling island country.
