IMF cuts Sri Lanka’s growth targets, warns there is little political will to push painful reforms

The International Monetary Fund has trimmed Sri Lanka’s 2005 growth by 0.75 percent, and warned that there was little political will to tackle painful reforms. The International Monetary Fund has trimmed Sri Lanka’s 2005 growth by 0.75 percent, and warned that there was little political will to tackle painful reforms. In its semi-annual World Economic Outlook report released on Wednesday, the IMF expressed anxiety over high oil prices that were here to stay. Global economic growth will slowdown to 4.3 percent, as fuel would be directly responsible for shaving off between 0.25 and 0.50 percentage points off targets.

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