Sri Lanka, Oct. 16 -- Sri Lanka's economic performance has improved following the debt restructuring process, the International Monetary Fund (IMF) has stated.

Jason Wu, the Assistant Director of the Monetary and Capital Markets Department at the IMF said they are pleased with the performance of Sri Lanka but stressed that the more favorable environment should not lead to complacency.

He said on frontier markets such as Sri Lanka, the softer dollar has lessened external pressure. Therefore, he stated that frontier economies need to continue improving fundamentals-both on the current account and fiscal buffers-as highlighted in the World Economic Outlook (WEO).

Meanwhile, the IMF also commended the progress made by Sri Lanka following t...