Sri Lanka, July 1 -- The Sri Lankan authorities' prompt action amid the Middle East war helped preserve macroeconomic and social stability and gains from their economic reform programme provided space for policy response, the International Monetary Fund (IMF) said yesterday.

The IMF further said sustaining reform momentum remains critical to navigating the shock while preserving fiscal and external sustainability and continuing efforts toward building resilience and delivering strong, durable and inclusive growth.

Progress in meeting commitments under the IMF-supported programme will be formally assessed in the context of the Seventh Review of the Extended Fund Facility (EFF) arrangement in the upcoming IMF mission in the fall.

An Inte...