Sri Lanka, Jan. 16 -- The International Monetary Fund (IMF) has indicated that there is no immediate change to the electricity pricing objectives under Sri Lanka's IMF-supported program, reaffirming the importance of maintaining cost recovery in the utility sector.

Responding to an inquiry during a press briefing yesterday (15), IMF Communications Department Director Julie Kozack said that the program includes a firm commitment to ensuring cost recovery in electricity tariffs.

She emphasized that this is critical for Sri Lanka's fiscal sustainability, as it helps prevent state-owned utility companies from incurring financial losses.

Kozack noted that any future adjustments needed to support Sri Lanka would be discussed between IMF staf...