IMF Backs Sri Lanka’s Reform Drive at Spring Meetings 2026

Sri Lanka’s delegation, led by Central Bank Governor Nandalal Weerasinghe, held discussions with senior officials of the International Monetary Fund and the World Bank Group, as well as rating agencies and investors, on the sidelines of the 2026 Spring Meetings.

IMF Managing Director Kristalina Georgieva congratulated Sri Lanka on reaching a staff-level agreement on the combined fifth and sixth reviews under the Extended Fund Facility (EFF), reaffirming the Fund’s continued support for the country’s economic recovery efforts.

During the discussions, IMF Deputy Managing Director Kenji Okamura commended the progress made by Sri Lankan authorities despite global uncertainties and domestic challenges.

He noted that ongoing geopolitical tensions, particularly in the Middle East, have had uneven impacts across countries, and stressed that any financial support measures should be well-targeted and time-bound. Okamura also underscored the importance of restoring cost-reflective energy pricing in a timely manner, while maintaining reform momentum to strengthen economic resilience and support long-term growth.

Governor Weerasinghe expressed appreciation for the IMF’s flexibility in programme parameters, particularly in light of recent challenges, including the cyclone impact and evolving global conditions. He reiterated Sri Lanka’s commitment to continuing reforms aimed at ensuring stability, resilience, and sustainable growth.

source: Adaderana