The International Monetary Fund (IMF) has announced that a team of its staff will be visiting Sri Lanka from May 11 to May 23. This visit is a part of the regular consultations between the global lender and the island nation, in preparation for the first review mission later this year.
Krishna Srinivasan, the Director of IMF’s Asia and Pacific Department, will be joining the team for this visit. The purpose of the visit is to engage in discussions with Sri Lankan authorities and stakeholders to assess the country’s economic and financial situation, as well as to provide guidance and support.
The IMF plays a crucial role in assisting countries with their economic policies, financial stability, and growth prospects. These consultations and review missions serve as opportunities for the IMF to evaluate the progress made by the country and to offer recommendations for future policy actions.
During the visit, the IMF team will meet with government officials, central bank representatives, and other relevant stakeholders to gather information, analyze data, and hold discussions on a wide range of economic and financial topics. This includes assessing the implementation of economic reforms, fiscal policies, monetary measures, and structural reforms aimed at promoting sustainable economic growth.