IMF to visit Colombo in mid-Feb to resume program discussions: Christine Lagarde

IMF-Christine-Lagarde

Jan 16, 2019 (LBO) – The International Monetary Fund remains ready to support the Sri Lankan authorities and an IMF team is scheduled to visit Colombo in mid-February to resume program discussions, IMF Managing Director Christine Lagarde said.

Managing Director of the IMF who met with Sri Lanka’s Finance Minister Mangala Samaraweera and Governor Indrajit Coomaraswamy yesterday said that they agreed to a strong policy mix with effective implementation.

“I was pleased to meet with Minister Samaraweera and Governor Coomaraswamy this afternoon. We discussed the challenging economic environment and the policy priorities for the country,” she said.

“The authorities stressed Sri Lanka’s continued commitment to their economic reform agenda under the IMF-supported program,”

“We agreed that a strong policy mix, with effective implementation of that agenda, is key to strengthening confidence, while putting Sri Lanka on a sustainable, high-quality growth path that would benefit its people,”

“The IMF remains ready to support the Sri Lankan authorities in these endeavors and an IMF team is scheduled to visit Colombo in mid-February to resume program discussions.”