IMF Notes Sri Lanka Resilience Amid Risks
The IMF reported that Sri Lanka shows economic resilience amid shocks while facing downside risks. Staff concluded a visit emphasizing reforms and energy cost recovery.
Sri Lanka's economy is showing resilience despite successive shocks, but downside risks persist amid surging energy costs, the IMF said on Wednesday afternoon. The island nation is working to claw its way out of a 2022 economic upheaval backed by a $2.9B program. Sustaining reform momentum remains critical as the nation faces high inflation and strained foreign reserves.
