Sri Lanka showing signs of recovery but challenges remain, says IMF

COLOMBO: Sri Lanka’s swift completion of final agreements with official lenders and reaching resolution with external private creditors remain critical, the International Monetary Fund said after concluding a staff visit to the island nation.

“The economic reform programme implemented by the Sri Lankan authorities is yielding the first signs of recovery,” IMF said in a statement.

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“However, challenges remain as these improvements need to translate into improved living conditions for Sri Lanka’s people.”