The International Monetary Fund (IMF) has acknowledged that Sri Lanka has made significant progress in implementing reforms but emphasised that the “next big step forward” is for the island nation to reach a formal agreement with all creditors.
Speaking at a press conference in Washington, D.C., IMF Asia and Pacific Department Director Krishna Srinivasan highlighted that Sri Lanka still faces substantial challenges.
“… And of course, that’s not the end. There’s a lot more work to be done in terms of continuing with the reforms because a long way to go before you’re on the path of strong and sustainable recovery,” Srinivasan said.