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ஜெனரல்
The International Monetary Fund (IMF) has recognized signs of economic recovery in Sri Lanka, attributed to a stabilization program that has led to positive GDP growth, eased shortages, and controlled inflation. Despite these improvements, challenges remain, particularly in ensuring these gains translate into better living conditions for the population. Key to the recovery is the continuation and timely implementation of economic reforms, including the introduction of a progressive property tax to ensure fair burden sharing and sustain revenue-based consolidation. Strengthening tax administration, addressing tax evasion, and maintaining prudent monetary policies are also emphasized to ensure the stability and growth of the economy.
The IMF also underscores the importance of finalizing debt restructuring agreements with both official and private creditors to put Sri Lanka's debt on a sustainable path. Additionally, the stability of the financial sector is highlighted as a priority, necessitating amendments to the Banking Act, bank recapitalization, and enhanced financial supervision. Governance and transparency reforms are also vital, with the IMF urging the adoption of an action plan to implement the recommendations from the IMF Governance Diagnostic report. The IMF's engagement with various stakeholders during the mission reflects a commitment to supporting Sri Lanka's comprehensive economic recovery, emphasizing collaborative efforts and consistent policy implementation.
