The country is likely to consider entering another programme with the International Monetary Fund (IMF) after completing its current arrangement, said its deputy finance and planning minister.
Speaking to local media on Thursday, Anil Jayantha Fernando said a Cabinet-appointed committee had been tasked with examining Sri Lanka’s future engagement with the IMF and assessing the adequacy of the country’s reserves.
He said the committee had not yet met but would study the available options once Sri Lanka completed its current IMF programme.
Fernando said the country’s immediate priority had previously been to restore economic stability, but the focus is now shifting toward stronger economic growth.
He added that Sri Lanka would continue to work with the IMF and other international institutions even without a formal programme.
The committee will assess what form of future engagement would best meet Sri Lanka’s needs and submit its recommendations to the Cabinet, which would make the final decision, Fernando said. — Xinhua
