The International Monetary Fund (IMF) emphasized that Sri Lanka’s upcoming presidential elections are for the people to decide.
During a press briefing, Julie Kozack, the IMF’s Spokesperson, explained that discussions on the next review of Sri Lanka’s economic program will take place after the elections, once a new government is in place.
Kozack reiterated that achieving the objectives of the current program is crucial for Sri Lanka to recover from one of its worst economic crises.
She highlighted the country’s progress but cautioned that challenges remain, and safeguarding recent economic gains is vital.
Kozack also provided updates on Sri Lanka’s ongoing debt restructuring efforts, noting milestones like domestic debt restructuring and agreements with key creditors, including China’s Exim Bank.
While the IMF’s role is limited to providing an overall debt sustainability assessment, actual negotiations are between Sri Lanka and its creditors.
She reaffirmed that the IMF will work with the government chosen by the people, ensuring that the economic program stays on track to help the country fully emerge from its crisis.
