The World Economic Studies division of the International Monetary Fund (IMF), led by Daniel Leigh, has excluded projections for several countries, including Sri Lanka (SL), in the latest World Economic Outlook. This exclusion is a result of the on-going debt negotiations taking place in these nations.

In a statement made by Daniel Leigh, the head of the IMF's World Economic Studies division, he provided insights into the situation in Sri Lanka and its exclusion from the projections. Leigh lauded the resilience of the people of Sri Lanka in the face of significant challenges. He also commended the country's progress in implementing crucial and demanding reforms, noting that these reforms have started to yield positive results, with the Sri Lankan economy displaying tentative signs of stabilization.

However, despite these encouraging early signs of stability, Leigh emphasized that a complete economic recovery in Sri Lanka remains uncertain. He stressed the necessity of maintaining and continuing with these reforms, highlighting their critical role in guiding the Sri Lankan economy towards a lasting recovery and ensuring stable and inclusive growth.

The exclusion of Sri Lanka from the World Economic Outlook projections underscores the complexities associated with the ongoing debt negotiations in the country. The IMF's decision reflects a cautious approach to projecting the economic future of nations facing such financial challenges. The international community will be closely monitoring the progress of Sri Lanka's reforms and debt negotiations as they play a pivotal role in determining the nation's economic trajectory in the coming years.