The Fund announced that it had reached an agreement with the administration of President Anura Kumara Dissanayake to continue the four-year loan that was previously negotiated by his predecessor last year.
said Peter Brewer, Team Leader International Monetary Fund“The authorities pledged to remain within the limits of the program,” he told reporters at the end of the talks with the new government.
Brewer stressed that the new government’s commitment ensures the continuation of the policy.
He added: “Maintaining the reform momentum is critical to protect the hard-won gains of the programme, and put the economy on a path towards durable recovery and stable and inclusive growth.”
The economy was affected Sri Lanka This was severely negative in 2022, forcing its government to default on its public debt, which was then estimated at about $46 billion. The country found itself suffering from a shortage of foreign currency.
Following this, weeks of popular protests over commodity shortages and inflation caused the downfall of former President Gotabaya Rajapaksa in July 2022.
