IMF Managing Director Kristalina Georgieva has praised Sri Lanka’s progress in its economic reform program, highlighting the importance of collective efforts to achieve success in debt restructuring.

Georgieva says that agreements between Sri Lanka and its external bondholders, as well as local creditors, mark a major milestone. She noted that these agreements align with the parameters of the IMF-supported program, which will restore debt sustainability and promote economic recovery.

The reforms, supported by a $3 billion Extended Fund Facility, have shown promising results, including economic recovery, low inflation, and reserve accumulation. However, Georgieva stressed the importance of swift completion of debt restructuring with high creditor participation to sustain momentum.

She added that international financial institutions, official creditors, and bondholders must continue their support to ensure Sri Lanka’s reform efforts succeed. The IMF remains committed to assisting the country in achieving sustained growth and debt sustainability