Sri Lanka should push ahead with reforms in Vision 2025, IMF recommends

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The International Monetary Fund (IMF) says Sri Lanka should accelerate structural reforms need to bring transparency, accountability, and cost-efficiency to large state-owned enterprises and push ahead with their Vision 2025 to support Sri Lanka rapid and inclusive growth.

A staff team from the International Monetary Fund (IMF) led by Manuela Goretti visited Colombo during September 13-27, 2018 to hold discussions on the fifth review of the Sri Lanka’s economic program supported by a three-year Extended Fund Facility (EFF).At the end of the visit Ms. Goretti made the following statement: The mission made significant progress toward reaching a staff-level agreement with the government on completing the fifth review of the EFF. Discussions will continue during the Annual Meetings of the IMF and World Bank in October.