Sri Lanka, April 9 -- The International Monetary Fund (IMF) stressed today that Sri Lanka must also continue with trade liberalisation, digitalisation, regulatory streamlining, and labour market modernisation to unlock durable, inclusive growth.

Addressing a media conference at the conclusion of the latest mission, IMF Mission Chief for Sri Lanka Evan Papageorgiou said that, on the fiscal front, it is critical to maintain strong revenue mobilisation and prudent spending.

He said that sustained improvements in tax compliance, broadening the tax breaks, and restoring cross-recovery pricing for fuel and electricity will help reduce fiscal risks.

"These measures must be implemented in a way that protects the most vulnerable," he said.

"A...