InvestGrail
  • Top FX EAs
  • Investing 101
    • Crypto
    • Options
    • Forex
    • Stock Market
  • Strategies
    • Day Trading
    • Swing Trading
    • Arbitrage
    • Investing
    • Options
  • Analysis
    • Technical Analysis
    • Fundamental Analysis
  • Reviews
    • Online Brokers
    • Forex Expert Advisors
    • Crypto Robots
    • Investing Apps
  • Top Articles
    • Best Forex Robots – Top 6 FX EAs 2022
    • Best Desktop Crypto Portfolio Trackers
    • Best 6 Forex Brokers That Accepts Crypto Deposit for Trading
    • The Best Copy Trading Platforms List: Pros, Cons and Comparison
    • Top 5 Best Coins to Mine for Beginners
    • Top 5 Best Gaming Crypto Coins to Participate

COLOMBO, Apr 25: The International Monetary Fund (IMF) on Friday commended the Sri Lankan government, led by President Anura Kumara Dissanayake, for its continued commitment to the economic reforms initiated under the global lender’s Extended Fund Facility (EFF).

The IMF highlighted the administration’s policy consistency as a key factor in maintaining investor confidence and ensuring macroeconomic stability.

Discover 10 Best FX EAs That Are Worth Investing

“The new government’s sustained commitment to programme objectives has enhanced confidence and ensures policy continuity. Going forward, sustaining reform momentum, including by reducing corruption vulnerabilities, is critical to safeguard the hard-won gains, durably restore macroeconomic and debt sustainability, and unlock robust and inclusive growth,” the IMF said in a statement.

The statement was issued as the IMF and Sri Lanka reached an agreement in Washington on the fourth review of the USD 2.9 billion EFF programme, which was originally approved in March 2023 to assist Sri Lanka in navigating its worst economic crisis since independence.

Upon formal approval by the IMF Executive Board, Sri Lanka is set to receive the fifth tranche of approximately USD 344 million.

“Sri Lanka’s ambitious reform agenda continues to deliver commendable outcomes. The post-crisis growth rebound of 5 per cent in 2024 is remarkable. Revenue mobilisation reforms had improved revenue-to-GDP ratio to 13.5 per cent in 2024, from 8.2 per cent in 2022.

“Gross official reserves reached US$6.5 billion at end-March 2025 given sizeable foreign exchange purchases by the central bank. Substantial fiscal reforms have strengthened public finances. Sri Lanka’s debt restructuring is nearly complete,” the statement said.

President Dissanayake, who assumed office earlier this year after a sweeping election victory by the National People’s Power (NPP), had been critical of the IMF-backed austerity measures under former president Ranil Wickremesinghe.

During the campaign, the NPP pledged to renegotiate aspects of the program, particularly those seen as disproportionately impacting low- and middle-income citizens. However, once in office, the new administration has largely upheld the reform agenda, signalling a pragmatic shift in approach to ensure continued financial support and economic stabilisation.

Sri Lanka sought IMF assistance in 2022 after defaulting on its external debt for the first time in its history, amid a severe balance of payments crisis, soaring inflation, and widespread shortages of essentials. The ongoing IMF programme is seen as vital to restoring credibility in international markets and laying the groundwork for sustainable, inclusive economic growth. (PTI)

Discover 10 Best FX EAs That Are Worth Investing
Share
0
FacebookTwitterPinterest
previous post
U.S. Federal Reserve revokes crypto guidance for banks
next post
Semler Scientific Amplifies Bitcoin Investments, Solidifying Its Position in Digital Assets

Related Posts

Japanese Stocks to Gain on Takaichi Win, Yen...

10/06/2025

Which Crypto Is Best To Buy And Tipped...

10/05/2025

7 Token Presales to Watch in 2025: Blazpay...

10/04/2025

Naira rallies to N1,455/$; reserves hit $43bn

10/03/2025

Trump Quietly Grants Defense Guarantee To Autocracy That...

10/02/2025

8 Explosive Coins to Buy Now: Why Smart...

10/01/2025

Gold Hits New ATH of $3831 Per Ounce...

09/30/2025

Nigeria’s Banking Woes: How One South African Bank...

09/29/2025

Ruvi AI’s (RUVI) $2K to 6 Figures Forecast...

09/28/2025

ED arrests UP agent in multi-crore forex trading...

09/27/2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

3  +  5  =  

Recent Posts

  • Japanese Stocks to Gain on Takaichi Win, Yen Drops: Markets Wrap
  • Which Crypto Is Best To Buy And Tipped As The Safest Investment In 2025: Shiba Inu Or Remittix?
  • 7 Token Presales to Watch in 2025: Blazpay ($BLAZ) Takes the Lead
  • Naira rallies to N1,455/$; reserves hit $43bn
  • Trump Quietly Grants Defense Guarantee To Autocracy That Gave Him A Luxury Jet

Top Articles

  • The Best Copy Trading Platforms List: Pros, Cons and Comparison

    06/28/2022
  • Best 5 Silver Backed Cryptocurrency to Buy Right Now

    05/09/2022
  • Desktop Crypto Portfolio Tracker: Best 5 for Investing & Active Learning

    04/23/2022
  • Top 5 Best Coins to Mine for Beginners

    10/04/2021
  • Best Forex Robots – Top 10 FX EAs 2022

    10/04/2021

Categories

  • Analysis (17)
    • Fundamental Analysis (9)
    • Technical Analysis (8)
  • Investing 101 (112)
    • Crypto (66)
    • Forex (8)
    • Options (6)
    • Stock Market (32)
  • News (228)
  • Reviews (183)
    • Brokers (7)
    • Crypto Robots (26)
    • Forex Expert Advisors (138)
    • Forex Signals (2)
    • Investing Apps (9)
  • Strategies (90)
    • Arbitrage (12)
    • Day Trading (25)
    • Investing (18)
    • Options (13)
    • Swing Trading (19)
  • Top (7)
  • Uncategorized (5)
  • Home
  • Contacts

@2023 - All Right Reserved. Investgrail.com

InvestGrail
  • Top FX EAs
  • Investing 101
    • Crypto
    • Options
    • Forex
    • Stock Market
  • Strategies
    • Day Trading
    • Swing Trading
    • Arbitrage
    • Investing
    • Options
  • Analysis
    • Technical Analysis
    • Fundamental Analysis
  • Reviews
    • Online Brokers
    • Forex Expert Advisors
    • Crypto Robots
    • Investing Apps
  • Top Articles
    • Best Forex Robots – Top 6 FX EAs 2022
    • Best Desktop Crypto Portfolio Trackers
    • Best 6 Forex Brokers That Accepts Crypto Deposit for Trading
    • The Best Copy Trading Platforms List: Pros, Cons and Comparison
    • Top 5 Best Coins to Mine for Beginners
    • Top 5 Best Gaming Crypto Coins to Participate