Recent external shock brings uncertainty to Sri Lankan economy: IMF

Urgent Reforms Required to Safeguard Economy and to Promote Reconciliation • Sri Lanka Brief

Sri Lanka has received a breathing space of three months to negotiate with the US  government regarding tariffs to be imposed on Sri Lankan exports which is of utmost importance as the US is Sri Lanka’s largest export market.  Sri Lanka faces a similar challenge to protect its export markets with regard to the EU, which is currently favouring Sri Lanka with its GSP Plus tariff concession.  This tariff reduction is conditional on Sri Lanka’s adhe…

Recent external shock brings uncertainty to Sri Lankan economy: IMF

The International Monetary Fund (IMF) said on Friday that the recent external shock and evolving developments are creating uncertainty for the Sri Lankan economy, which is still recovering from its own crisis. Evan Papageorgiou, who led an IMF team to visit Colombo from April 3 to 11, said in a statement that more time is needed to assess the impact of the global shock and how its implications for Sri Lanka can be addressed within the contours o…

IMF praises Sri Lanka's economic recovery, urges continued reforms

The International Monetary Fund (IMF) has commended Sri Lanka’s progress under its economic reform program, following a recent visit to Colombo by an IMF team led by Evan Papageorgiou from April 3 to April 11, 2025. In a statement released today, Papageorgiou said Sri Lanka’s ambitious reform agenda under the IMF’s Extended Fund Facility (EFF) has produced “commendable outcomes.” He highlighted the country’s strong 5% economic growth in 2024, fa…