IMF to support efforts to end the crisis

The International Monetary Fund (IMF) said last night that it would support Sri Lanka’s efforts to overcome the current economic crisis by working closely with the authorities on the country’s economic programme, and by engaging with other stakeholders in support of a timely resolution of the crisis.

In a statement, the IMF said discussions with the Sri Lankan delegation covered recent economic and financial developments in Sri Lanka, the need for implementing a credible and coherent strategy to restore macroeconomic stability, and the importance of stronger social safety nets to mitigate the adverse impact of the current economic crisis on the poor and vulnerable.

The IMF said its team welcomed the authorities’ plan to engage in a collaborative dialogue with their creditors.