In a recent press briefing, the International Monetary Fund (IMF) announced that a mission will soon return to Sri Lanka to continue negotiations for the third review of the IMF-supported program. This follows a series of discussions held in Washington, where key topics included taxation and the reduction of the tax burden on Sri Lankans.
Krishna Srinivasan, Director of the Asia and Pacific Department at the IMF, highlighted the significant progress Sri Lanka has made under the program. He emphasized the new government’s commitment to fiscal and debt targets, which are crucial for the country’s economic stability.
The mission’s return to Sri Lanka signifies a continued effort to build on the successes achieved so far and ensure the country’s economic recovery.
Participants in the briefing included Krishna Srinivasan, Thomas Helbling, Deputy Director of the Asia and Pacific Department, and Akihiko Yoshida, Director of the Regional Office for Asia and the Pacific.