IMF Team Statement on Sri Lanka
IMF News, April 23, 2022
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Bibliographic details
- Published: April 23, 2022
Meeting and participants
- Press Release No. 22/129
- Date: April 23, 2022
- Location: Washington, DC (during the 2022 IMF and World Bank Spring Meetings)
- IMF Managing Director Kristalina Georgieva and other senior members of IMF management met with a Sri Lankan delegation led by:
- Finance Minister Ali Sabry
- Central Bank of Sri Lanka Governor Nandalal Weerasinghe
- IMF mission chief for Sri Lanka: Masahiro Nozaki
Key discussion points from April 18–22 technical discussions
- Covered recent economic and financial developments in Sri Lanka.
- Discussed the need for implementing a credible and coherent strategy to restore macroeconomic stability.
- Emphasized the importance of stronger social safety nets to mitigate the adverse impact of the current economic crisis on the poor and vulnerable.
- Welcomed the authorities’ plan to engage in a collaborative dialogue with their creditors.
IMF team findings and commitments
- The IMF team described the April 18–22 discussions with the Sri Lankan delegation as "fruitful technical discussions" on the authorities’ request for an IMF-supported program.
- The IMF team will support Sri Lanka’s efforts to overcome the current economic crisis by:
- Working closely with the authorities on their economic program.
- Engaging with all other stakeholders in support of a timely resolution of the crisis.
Contact and media relations
- IMF Communications Department
- MEDIA RELATIONS — PRESS OFFICER: Ting Yan
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- Twitter: @IMFSpokesperson
Source: Press Release No. 22/129, April 23, 2022.