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Monday, 12 December 2016 - 10:46
Sri Lanka's economy has begun to stabilize - IMF
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The IMF said on Friday in a release that since the start of the 3 year Extended Arrangement in June 2016, Sri Lanka's economy, supported by appropriate monetary and fiscal policies, has begun to stabilize.

The IMF said Sri Lanka made progress in structural reforms aimed at revenue mobilization and expenditure management, albeit with some delays.

The Executive Board of the IMF on November 18th, 2016, completed the first review of Sri Lanka's economic performance under the program supported by a 3-year extended arrangement under the Extended Fund Facility arrangement.

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