As global economic instability continues to loom over emerging markets, the International Monetary Fund (IMF) has reaffirmed its commitment to supporting Sri Lanka through potential economic challenges.
Speaking at a press briefing earlier this week, Julie Kozack, Director of the IMFs Communications Department, stressed the importance of resilience and reform for Sri Lanka s economic stability.
In times of heightened uncertainty, economies like Sri Lanka face significant risks, Kozack noted, drawing attention to the difficulties that volatile global conditions pose to vulnerable nations.
She assured that the IMF is prepared to collaborate closely with Sri Lankan authorities should adverse economic risks materialize. We will assess the impact of any potential downside risks and work with the authorities on appropriate policy measures within the framework of the ongoing program, Kozack explained.
Kozack also highlighted the critical need for countries, including Sri Lanka, to sustain momentum in their reform efforts. Continuing with both macroeconomic and growth-oriented reforms is essential for all our member countries, including Sri Lanka, she emphasized.
Sri Lanka is currently engaged in an IMF-supported program aimed at stabilizing its economy and fostering long-term growth after a severe financial crisis.