Cautious Nod

quote s Deputy Managing Director Shigemitsu Sugisaki warned that promised structural reforms have to be stepped up if the country is to achieve a 6 percent growth in the medium term.

rnSugisaki, who is the senior most IMF official to visit Sri Lanka so far, had a series of talks with the President, Prime Minister, Treasury and Central Bank officials and members of various trade chambers during his two day whistle stop visit.

rnHe told journalist today that the new government is keen on getting a firmer grip on the economy. ldblquote The policy framework put forward by the government looks promising, but the Finance Minister needs to keep a closer watch on the fiscal house to ensure there are no slippages.

rnldblquote The reform agenda is enormous. Privatising unprofitable state institutes, deregulating the financial, land, education and labour markets are essential for the private sector grow in the future.

rnHe pointed out that the ongoing peace process will help Sri Lanka