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IMF Managing Director Commends Sri Lanka’s Economic Reforms at World Economic Forum

Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, commended Sri Lanka’s economic reform efforts during a meeting with President Ranil Wickremesinghe at the World Economic Forum in Davos, Switzerland.

Georgieva underscored the significance of the IMF Board’s approval of the first review of Sri Lanka’s Extended Fund Facility (EFF) program in December 2023, characterizing it as a recognition of the country’s substantial reform initiatives. She expressed optimism about the positive outcomes emerging from Sri Lanka’s reforms.

In a tweet, Georgieva shared her thoughts on the meeting, saying, “Very good meeting with Ranil Wickremesinghe at WEF24. IMF Board approval of the First Review of the EFF program in December was a recognition of the important reforms Sri Lanka has pursued. These reforms are starting to pay off.”

Meanwhile, on the sidelines of the Forum, Pakistan’s caretaker Prime Minister Anwaar-ul-Haq Kakar also held discussions with President Wickremesinghe. The meeting covered various topics related to regional affairs, and both parties explored ways to enhance trade between Sri Lanka and Pakistan.

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