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IMF Delegation Meets President Dissanayake - News.lk
A visiting delegation from the International Monetary Fund (IMF) met with President Anura Kumara Dissanayake at the Presidential Secretariat today (02) to discuss Sri Lanka’s ongoing economic reform programme and progress under the IMF-supported Extended Fund Facility. During the discussions, attention was drawn to the current status of Sri Lanka in relation to the fifth and sixth review of the IMF programme, with the IMF delegation engaging the President on recent developments and progress achieved. The IMF representatives commended the economic progress achieved by Sri Lanka under the present Government, particularly noting that the country has transitioned towards a more resilient economic footing through the achievement of growth targets, improved revenue management and the strengthening of foreign reserves. Discussions also focused on how Sri Lanka could continue to advance within the IMF programme without undermining the economic stability that has been established thus far. It was further noted that the ongoing conflict situation in the Middle East poses an external challenge, the impact of which on Sri Lanka cannot be entirely avoided. However, the Government has been managing the situation prudently, taking measured decisions to address pressures on fuel prices and the energy sector, while ensuring that targeted relief is provided to vulnerable groups. In the face of these external challenges, the IMF delegation also appreciated the Government’s programme aimed at safeguarding economic progress while effectively managing both the economy and the livelihoods of the people. Responding to the IMF’s observations, President Dissanayake stated that Sri Lanka has met all targets set under the programme and has reached a position of relative stability. He highlighted the need to take all necessary measures to minimise the impact on the public. The IMF delegation was led by Mission Chief Evan Papageorgiou and comprised Martha Woldemichael, Enrique Flores Curiel, Dinar Prihardini, Ursula Wiriadinata, Ozlem Aydin, Yorbol Yakhshilikov, Klakow Akepanidtaworn and Manavee Abeyawickrama. The discussions were attended by senior Sri Lankan officials including P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, S. Jegajeevan from the CBSL, Dr. Harshana Suriyapperuma - Secretary to the Treasury and Ministry of Finance, A. K. Seneviratne - Deputy Secretary to the Treasury and M. K. C. Senanayake - Director General (Fiscal Policy). Minister of Labour an...
Be Prepared for All Outcomes, Says President
COLOMBO (News 1st); A discussion aimed at identifying the possible economic impact of the ongoing war situation on Sri Lanka and the urgent steps required to manage it was held this morning under the leadership of President Anura Kumara Dissanayake.The meeting took place at the Presidential Secretariat.During the discussion, the President emphasized the importance of maintaining constant vigilance regarding emerging developments in every sector and stressed that challenges must be overcome collectively.The President noted that although future scenarios cannot be predicted with certainty, Sri Lanka must monitor emerging developments in every sector continuously and work collectively to overcome the challenges ahead.A lengthy discussion was held on the potential challenges that could arise regarding fuel and gas supplies, the need for proper stock management, as well as the possible impacts on the tourism, export, investment sectors, and food security, including the effect these could have on domestic inflation and the steps required to manage such risks.The President also instructed officials to focus on ensuring that Sri Lanka maintains the economic stability it has achieved so far, while minimizing the impact on the daily lives of the public and maintaining control over inflation.While current fuel reserves are deemed sufficient, attention was drawn to the need for maintaining and managing necessary stocks in anticipation of future risks, as well as the expected volatility in global fuel prices. The President examined the steps that may be required to manage these challenges.Meanwhile, the President instructed the relevant agencies to ensure that all necessary facilities are provided to tourists currently affected.Officials from the Ministry of Tourism pointed out that since the majority of tourists arriving in Sri Lanka come from Europe, and because they travel through the Middle East, discussions are underway on alternative aviation measures to ensure the continuity of the tourism industry.According to the Presidential Media Division, attention was also directed toward identifying opportunities that may arise within the investment sector.
IMF delegation meets President Dissanayake - The Island
A visiting delegation from the International Monetary Fund (IMF) met with President Anura Kumara Dissanayake at the Presidential Secretariat on Thursday (02) to discuss Sri Lanka's ongoing economic reform programme and progress under the IMF-supported Extended Fund Facility. During the discussions, attention was drawn to the current status of Sri Lanka in relation to the […]
President-IMF delegation discuss fifth and sixth review under EFF programme
The visiting delegation of the International Monetary Fund (IMF) met with President Anura Kumara Dissanayake at the Presidential Secretariat today (02) to discuss Sri Lanka's ongoing economic reform programme and progress under the IMF-supported Extended Fund Facility.
