State Minister of Finance Shehan Semasinghe announced that a delegation from the International Monetary Fund (IMF) will arrive in Sri Lanka next week to assess the country’s economic progress.
Speaking to the media, the State Minister emphasized that after completing the second review to release the third tranche of the IMF bailout package, the country must prepare for the third review. However, the upcoming discussions with the IMF delegation will not be related to the third review but will instead focus on the country’s economic progress and future measures to strengthen the economy.
Semasinghe stated, “Our expectation is to maintain the current stability and the economic growth rate of 5.1% observed in the first quarter of this year throughout the year. Most forecasts predict a 2% growth in the economy this year, but we aim to maintain it between 3% and 3.5%.”
He further emphasized that he hopes the election period will not hinder economic growth, adding that the country aims for an economic growth rate of 3.5% this year.
