Srilanka, June 30 -- Accelerating reforms in state-owned enterprises and ensuring energy prices reflect cost-recovery are essential to reducing fiscal risks, according to the IMF Staff Mission at the conclusion of its visit to Sri Lanka.
The mission emphasized that, alongside these measures, authorities should focus on strengthening the targeting and coverage of social safety nets to safeguard vulnerable households.
It further noted that progress under the IMF-supported program will be formally reviewed during the Seventh Review of the Extended Fund Facility (EFF) arrangement, scheduled for the upcoming IMF mission in the fall.
Full Statement
An International Monetary Fund (IMF) team led by Mr. Evan Papageorgiou visited Colombo from Jun...