Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, expressed confidence that the country’s economy will achieve a stable and prosperous state by 2025.
Speaking at a media briefing held at the Central Bank of Sri Lanka to discuss the ongoing program with the International Monetary Fund (IMF) and the country’s economic strategies, Dr. Weerasinghe highlighted significant progress in financial reforms.
The Governor noted that the third review of the ongoing IMF program has reached a staff-level agreement, and following the government’s presentation of the budget, the IMF is expected to formally approve the disbursement of funds to Sri Lanka without delay.
Dr. Weerasinghe also stated that policy-level agreements with the IMF have already been finalized. Furthermore, the two-year process of restructuring the country’s public debt is now in its final stages, with preliminary agreements already reached with creditors.
The Governor emphasized that these developments are critical to driving the country toward economic stability and sustainability, marking a significant step forward in Sri Lanka’s recovery efforts.
