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IMF’s Gita Gopinath Commends Sri Lanka’s Progress in Key Areas

During the IMF and World Bank Group Spring Meetings 2024 in Washington D.C., Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF), extended congratulations to Sri Lankan authorities for their consistent advancement across various fronts. This progress encompasses notable achievements in reducing inflation, enhancing revenue, and implementing governance reforms.

The commendation came during a bilateral discussion between State Minister of Finance Shehan Semasinghe and Ms. Gopinath on the sidelines of the event. Posting on X, Semasinghe highlighted Gopinath’s emphasis on the imperative to sustain the momentum of reforms.

Semasinghe further underscored the pivotal role of close collaboration between Sri Lanka and the IMF in driving economic transformation. He emphasized that the country is now witnessing tangible outcomes resulting from well-designed policies and implemented reforms.

In addition, Semasinghe expressed appreciation for the IMF’s initiatives aimed at supporting countries grappling with debt distress. He particularly acknowledged the IMF’s leadership in the Global Sovereign Debt Roundtable, emphasizing its crucial role in assisting nations in need.

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