The International Monetary Fund (IMF) has commended Sri Lanka for maintaining strong momentum under its reform program, noting that the island nation is firmly on the path to recovery after its severe economic crisis. At a briefing on the regional economic outlook, IMF Asia-Pacific Director Krishna Srinivasan and Deputy Director Thomas Helbling said Sri Lanka’s economy grew by 5 percent last year and is expected to expand by about 4.2 percent in 2025, a sign that stabilisation efforts are yielding results.
Mr. Helbling emphasised that sustained implementation of the IMF-supported program remains crucial, adding that fiscal discipline and reforms of state-owned enterprises will be vital for long-term gains.
In a positive sign for the government’s fiscal efforts, Sri Lanka’s Inland Revenue Department announced that it has already achieved 75 percent of its 2025 tax revenue target. The achievement has been widely viewed as evidence of renewed economic confidence and stronger revenue collection – an encouraging signal for a country determined to rebuild its financial footing.
Must Read
- Advertisement -
