IMF Reaffirms Support for Sri Lanka As Dr. Nandalal Meets Georgieva In DC

COLOMBO (News 1st); IMF Managing Director Kristalina Georgieva met with Sri Lanka's Central Bank Governor Dr. Nandalal Weerasinghe in Washington DC. She was encouraged by the authorities’ commitment to continue the reform efforts to safeguard the hard-won gains under the IMF-supported program. The IMF remains committed to supporting Sri Lanka build a better future for its people, she said on X. Sri Lanka's Finance Secretary Mahinda Siriwardena is accompanying the Central Bank Governor. The 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) got underway in Washington, D.C. These meetings will bring together influential leaders from government, business, international organizations, civil society, and academia to discuss pressing global issues and shape the future of international economic cooperation For Sri Lanka, the 2024 IMF and World Bank Group Annual Meetings hold significant importance. As the country continues to navigate economic challenges, including debt restructuring and economic recovery post-pandemic, the insights and support from these global financial institutions are crucial. Sri Lanka has been working closely with the IMF on a debt restructuring program to stabilize its economy. The discussions and outcomes of the Annual Meetings could influence the terms and progress of these efforts, providing a clearer path for financial stability and economic recovery. Participation in these meetings allows Sri Lankan policymakers to engage with global experts and peers, gaining valuable insights into effective economic reforms and policies. This can help in formulating strategies to boost economic growth, improve governance, and enhance public sector efficiency. Overall, the 2024 IMF and World Bank Group Annual Meetings present a platform for Sri Lanka to engage with the international community, seek support for its economic challenges, and align its development strategies with global best practices.