header logo
Rhythms of Lanka
Mogo Academy
Latest
Sri Lanka achieved rapid macroeconomic stability: IMF Chief
Feb 17, 202609:40 PM
Sri Lanka achieved rapid macroeconomic stability: IMF Chief
Mobitel Inner

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva stated that Sri Lanka has achieved macroeconomic and financial stability within a short period, highlighting the country’s significant economic turnaround.

 

Speaking during a special interview with Ada Derana’s Indeeewari Amuwatte during her three-day official visit to Sri Lanka, IMF Chief Georgieva commended both the resilience of the Sri Lankan people and the government’s swift response to recent challenges.

 

She noted that inflation, which had surged to 70 percent, has now declined to 2 percent, while economic growth has rebounded from negative territory to 5 percent.

 

IMF Managing Director Georgieva also referred to the IMF’s provision of US $ 200 million in emergency financial assistance following Cyclone Ditwah, stating that the timely support ensured affected communities were not left to bear the burden alone.

 

Emphasizing the importance of unity, she said Sri Lanka now has a valuable opportunity to move forward, with a government that has earned public trust and is working toward long-term stability and growth. The IMF Managing Director further highlighted tourism as a key sector critical to the country’s economic future.

 

IMF Managing Director Georgieva is in Sri Lanka on a three-day official visit, to reaffirm the IMF’s support for the country’s economic recovery and disaster response initiatives.

 

During her visit, IMF Kristalina Georgieva held discussions with President Anura Kumara Dissanayake and Prime Minister Dr. Harini Amarasuriya.

 

She also visited the cyclone-affected areas in the Central Province.

 

 

 

 

MostRead
Mobitel Upahara
VideoStories
ADB extends $200M to help Sri Lanka tackle economic pressures from Middle East conflict

ADB extends $200M to help Sri Lanka tackle economic pressures from Middle East conflict

Ceypetco announces that fuel prices will remain unchanged in August

Ceypetco announces that fuel prices will remain unchanged in August

'Suwa Seriya' free ambulance service marks 10 years as India pledges 100 more ambulances

'Suwa Seriya' free ambulance service marks 10 years as India pledges 100 more ambulances

Ex-Defence Secretary and ex-IGP sentenced to death over failure to prevent 2019

Ex-Defence Secretary and ex-IGP sentenced to death over failure to prevent 2019

TV Derana named ‘Youth TV Channel of the Year’at 7th New Generation "Youth Top40" Awards

TV Derana named ‘Youth TV Channel of the Year’at 7th New Generation "Youth Top40" Awards

Latest S&P assessment reflects Sri Lanka’s rising investor confidence and economic stability

Latest S&P assessment reflects Sri Lanka’s rising investor confidence and economic stability

Buddhists across Sri Lanka observe sacred Esala Full Moon Poya today

Buddhists across Sri Lanka observe sacred Esala Full Moon Poya today

“Govt. seeking a one-party rule” - Sajith also opposes govt. move to extend retirement age of judges

“Govt. seeking a one-party rule” - Sajith also opposes govt. move to extend retirement age of judges

“Modern rulers cannot tolerate the saffron robe ”Maha Sangha calls for protection of Buddhasasana

“Modern rulers cannot tolerate the saffron robe ”Maha Sangha calls for protection of Buddhasasana

Cabinet approves contentious proposal to extend retirement age of all judges

Cabinet approves contentious proposal to extend retirement age of all judges

Government will not expand paddy cultivation - Minister Lalkantha

Government will not expand paddy cultivation - Minister Lalkantha

Sri Lanka on El Niño alert: Rains expected in Oct-Nov, heat waves not expected in Sri Lanka

Sri Lanka on El Niño alert: Rains expected in Oct-Nov, heat waves not expected in Sri Lanka

BASL condemns MP Asitha Niroshana’s allegations as "false and malicious"

BASL condemns MP Asitha Niroshana’s allegations as "false and malicious"

 Sri Lanka’s dengue death toll rises to 61 as cases exceed 80,000

Sri Lanka’s dengue death toll rises to 61 as cases exceed 80,000

No-confidence motion against Justice Minister defeated in Parliament with majority of 116 votes

No-confidence motion against Justice Minister defeated in Parliament with majority of 116 votes

Lassana Flora