IMF Says Sri Lankan Economy Performing Well, Reform Commitment Remains Strong - LNW Lanka News Web

IMF Says Sri Lankan Economy Performing Well, Reform Commitment Remains Strong - LNW Lanka News Web

The International Monetary Fund (IMF) says the Sri Lankan economy is performing well and that the government’s commitment to reforms remains strong. Speaking at a press briefing held on Thursday (May 14), IMF Communications Department Director Julie Kozack stated that the IMF will continue to work closely with Sri Lankan authorities to assess how best the institution can continue supporting the country. Kozack noted that Sri Lankan authorities h…

Lanka’s eligibility to draw next IMF tranche of USD 700 mn hinges on ‘restoration of cost-recovery pricing for electricity and fuel’

The International Monetary Fund (IMF) said on Thursday that the completion of Sri Lanka’s combined Fifth and Sixth Reviews, under the Extended Fund Facility (EFF), remains subject to approval by its Executive Board, which is expected to meet in the coming weeks. Addressing a media briefing, IMF Communications Department Director, Julie Kozack, said IMF staff and Sri Lankan authorities had reached a staff-level agreement on 09 April. She noted th…

IMF Emphasizes Importance of Energy Cost Recovery for Sri Lanka’s Review Endorsement

The International Monetary Fund (IMF) has reiterated that reinstating cost recovery for energy tariffs is an essential prerequisite for finalizing Sri Lanka’s Fifth and Sixth […] The post IMF Emphasizes Importance of Energy Cost Recovery for Sri Lanka’s Review Endorsement appeared first on FINANCIAL CHRONICLE.