Anti-corruption reforms present Sri Lanka a unique opportunity to accelerate development: IMF Chief



The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, met President Anura Kumara Dissanayake this morning (17) at the Presidential Secretariat to discuss Sri Lanka’s economic recovery, post-disaster assistance and the next phase of the IMF-supported reform programme.

Georgieva observed that Sri Lanka has faced multiple shocks, including the civil conflict, the tsunami, terror attacks, the pandemic and governance challenges, which had constrained long-term growth. With the current government committed to good governance and anti-corruption reforms, she noted that Sri Lanka now has a unique opportunity to accelerate development and achieve sustained economic progress.

The IMF Managing Director expressed solidarity with Sri Lanka following recent natural disasters, noting that just as the economy was recovering, a devastating cyclone had affected several regions. She observed that affected rural communities require renewed economic dynamism and emphasised the importance of timely assistance for housing, land rehabilitation and improved livelihood opportunities. 

She also acknowledged the swift response of the Government in extending support to affected communities and noted that the IMF had also provided over US$200 million in emergency financing to assist recovery efforts.

 


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